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CONFIDENTIAL SALE
FOR SALE
24/02/24
607309
Heaven Beauty, a two site salon in Edinburgh central & Edinburgh West has now
merged their large client book into one site at Edinburgh central.
Business shell only on offer.
With the lease for Edinburgh West now up for sale.
A new owner of Edinburgh central will immediate reap the benefits of a dual order book as well as losing the tangible cost at Edinburgh West such as Utilities, Rent, Insurance etc.
Details of Business as Follows:
Hair and Beauty Services full time,
1 FT Beautician
3 Self Employed Beautician
1 FT Hair Stylist
1 Self employed Stylist/Makeup Artist.
** note current staff will need to be offered new jobs, or staff recruited. **
Premises:
Address : 1 Jeffrey Street Edinburgh, Eh1 1DR
Leasehold: 25,000
Business: 55,000
Rent: £13,000
Turnover: £134,000
Net Profit: £25,000 (42% Profit margin). With tangible costs now halved this would increase considerably.
Key Features
2 floor premises, 2 Beauty rooms, 1 front shop Hair delivery and 1 tanning room.
Potential to increase to 3 Beauty Rooms.
Prime Location in EH1, much sought after Lease.
Attractive Business
Accounts Available
Fully Fitted with all Hair and Beauty equipment.
Popular Local amenities,
On main road from Waverly Station to the affluent Royal Mile and Old Town.
Medium business.
Business Details
Hair & Beauty salon in affluent area
A well-established unisex Hair & Beauty salon in Edinburgh established in 2002.
The salon is immaculately presented with contemporary décor and furniture. The salon offers a variety of services to our clients such as Hair, Manicure, Pedicure, Eyebrows/Eyelashes, Waxing, facials, massage.
The treatwell and Google reviews are excellent.
We are offering a hand over period to ensure the continued success of the business.
The business currently operates 4 days per week and generates a turnover in the region of POA.
Reasons to buy:
Well established.
Contemporary décor.
Scope to increase revenue.
Low rent for the area.
There is also scope to embark on a small marketing campaign to promote the services offered.
A large development near by (Edinburgh Gin) which will increase footfall.
This is an excellent opportunity for anybody looking to get into the trade, the business already has knowledgeable staff in place and an abundance of clientele now merged from two locations.
The Business is located in Edinburgh, surrounded by shops and businesses, providing ample footfall and new clientele.
The area has bus, train stations close by.
Premises.
Upon entrance of the salon is the main service area comprising of;
Reception area.
Hair and Makeup Service
Beauty area.
To the rear of the premises is a Beauty Room.
The equipment included in the sale comprises of;
2 Guinot Hydraderm treatment machine (RRP £7500 each)
Waxing equipment
Hairdressing equipment.
Nails equipment.
Mirrors.
Trolleys and storage.
Waiting area chairs.
Beauty chairs.
Reception desk.
Tenure.
The business is being sold on a leasehold basis, with 6 years remaining, extendable by a further 10 years at renewal. The current rent is £1,125 per month.
Hours.
The business hours are:
Tues - Saturday from 9am - 7pm
Pics to follow.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get Solicitor
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