Hilton Smythe is delighted to welcome to the market this well-established and popular hair salon, which is ideally located in Harrow, London.
The business was established by our client in 1980 and is only now being offered to the market due to our client's desire for a well-deserved retirement. The business currently operates 5 days per week and generates a turnover in the region of £50,000 per annum, with a gross profit of approximately 96%.
Our client offers a variety of beauty and hair services including perms, straightening, extensions, eyebrow shaping, bridal make up, makeovers and men's styling. The salon offers 84 sq. meters of floor space, is very well maintained and decorated to a high standard.
To the first and second floor are living accommodation, which is currently let out to generate further a very generous additional income at £24,000 per annum, but could be used as owner's accommodation.
The business has built up an excellent reputation within the area and further afield for the high quality of the services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.
We feel there is scope to increase the turnover by extending the opening hours, perhaps by opening on Mondays. A new owner could also embark on a modest marketing campaign to highlight the services offered. Our client believes there is huge scope to further develop the beauty side of the business.
This is an excellent opportunity for a new owner to take this busy hair salon to the next level, it would also make an excellent bolt-on to an existing similar business; therefore, early viewing must come highly recommended to avoid disappointment.
TENUREWe are advised Leasehold:
New 10 Year Lease as of June 2017.
HOURSThe business is open:
Tuesday - Thursday: 9.00am - 6.00pm
Friday: 9.00am - 7.00pm
Saturday: 8.30am 0 6.00pm
STAFFThe business is owner run and managed with 1 x part time staff member working Friday and Saturday.
FINANCIAL PROFILEThe business generates a turnover in the region of £50,000 per annum, with a gross profit of approximately 96%.
To the first and second floor are living accommodation, which is currently let out to generate further a very generous additional income at £24,000 per annum.
Anna Maria Hair Fashions occupies substantial three storey premises, ideally located within the large suburban town of Harrow in London. The business is situated on the very busy Kenton Road and is surrounded by a wealth of complimentary shops and businesses, therefore benefiting from a very high volume of footfall and passing trade. The business further benefits from on-street parking facilities to the front of the premises.
Harrow is a vibrant part of the London economy, with over 10,000 businesses being in the area. According to the 2011 census, the town had a residential population of 80,213. Harrow is widely known for Harrow School, one of the most famous schools in the world.
The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. Kenton station is just over half a mile away. The area is also well served by the A-roads, with the business being situated on the A4006, which links to the national A-road and motorway networks. Watford is approximately 8 miles away and the City of London is 14 miles away.
Substantial three storey premises in an ideal trading location, briefly comprising:
Ground floor with:
Bespoke reception desk.
Waiting area with leather settee and coffee table.
3 x waiting chairs.
7 x styling stations.
3 x back washes.
Storage shelving unit.
Entrance to alley and garage.
2 x double bedrooms.
Bathroom with shower.
2 x double bedrooms.
The flat is accessed by its own separate door.
Free parking in adjacent streets.