Ref 6124 – Leasehold Hair & Beauty Salon Blacks Brokers are proud to bring to the market this leasehold hair and beauty salon located in a busy and much sought-after area of Croydon, Greater London. Introduction
Serenity Beauty has been trading on Lower Addiscombe Road since 2011 with our client in ownership since 2017. The business offers a wide range of beauty services including massage and holistic therapies and has firmly established itself within the local community, gaining a large base of repeat customers. Location
Situated on a busy main road in Croyden. This area is densely populated residentially and commercially, with other local businesses and shops close by. This area is well linked by the A222 and public transport links are good with East Croyden Station within walking distance. Parking is available in the surrounding area. Reason for sale
Serenity Beauty is only being offered for sale due to our client’s family commitments and a lack of time to run this business. Lease
The building is available on a competitive rent on a Internal Repair Only lease (iro lease). The current lease is 5 years and began in 2014 at a cost of £183 per week. Building layout and design
Serenity Beauty is housed within the ground floor of a spacious, mid-terraced retail unit. The business is well branded with large signage displayed above a mainly glazed frontage. Inside, the main reception area is nicely presented with comfortable seating and reception desk with till. There are two private treatment rooms – again presented very well with wooden flooring throughout and tasteful décor. The third treatment room is currently used as a spray tanning the rear is a staff kitchen and toilet facilities. All areas are finished to a high standard, with good quality fixtures, fittings and equipment in place. Staff
Serenity Beauty is currently operating with one self-employed member of staff and one apprentice in addition to our client working on a full-time basis. Financial details
Financial details are available upon a viewing of the business and the business has traded solidly over its trading history. The business generates an annual turnover of £21,600 with gross profits to be confirmed. Summary
This a great opportunity to acquire a well-established beauty salon in an ideal trading location in Croydon, Greater London that has recently purchased a range of new specialised equipment and comes with a well-designed website with an online booking facility. Serenity Beauty is well-established and very well-known in this area. It has a large base of regular customers and delivers impressive weekly takings from multiple income streams. There is plenty of scope to develop the business further with a marketing drive from a new owner. This proposition would ideally suit an owner operator able to push the business forward and build upon the solid and impressive trading foundations. It may also be of great interest to a similar business looking for instant expansion in this area. Early viewings are strongly advised. Business: £40,000.
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