London Hair Salon with 50-Year History and Loyal Clientele for Sale
Undisclosed, London
- Status
SOLD / WITHDRAWN
- Date Submitted:
11/05/23
- Advert ID
512995
- Reference
INT2724 / Rightbiz
- Call Agent:
- Leasehold: £35,000
- Turnover: £80,000 (£1,538 Per week)
- Net Profit: £25,000 (32% Profit margin)
Business Details
Profitable Hairdressing Salon for Sale in London
This is a great opportunity to acquire an established and successful unisex hair salon that has run for almost 50 years at the same location, having built a stellar reputation and grown from strength to strength through word-of-mouth recommendation only.
The business has an 80:20 split of female and male clients, and a large portion of clients are regulars that have been customers for many years – their clientele is very loyal and they boast an extremely low drop-off rate.
They operate from a brilliant salon with the lease being due to expire in the next couple of years but the landlord is extremely accommodating with very low rent (around half that of similar-sized businesses).
During the last 12 months, the salon has continued to thrive after the pandemic – the vendor would be willing to work one day per week on a self-employed or chair rental basis if preferred.
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Listing Statistics
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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.'.
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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.
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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.
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Advert pending deletion
Stay Safe
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.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.'.
Stay Safe
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.
Stay Safe
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
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