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5-Star Rated, Well-Established Hair Salon in Croydon, South London For Sale!

Croydon, London

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    18/04/24

  • Advert ID

    609977

  • Reference

    589 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £150,000 (Stock at valuation)
  • Turnover: £141,491 (£2,721 Per week)
  • Net Profit: £46,345 (33% Profit margin)

Key Features

  • Fully Fitted
  • Adjacent to Multiple Retailers
  • Accounts Available
  • Prime Location
  • Attractive Business
  • Town Centre location
  • Established Business
  • Central Position in Affluent Village
  • High Turnover
  • Close to Local Amenities
  • With Car Park

Business Details

This is an excellent opportunity to purchase a well established hair salon in Croydon, South London

This is an excellent opportunity to purchase a well-established hair salon based in Croydon, South London. This fashionable salon is available on a leasehold basis.

The business trades as a contemporary hair salon offering a wide range of hairstyling services to their loyal and extensive customer base. Their services include all modern cutting and styling services, blow dries, advanced colouring, highlights, balayage, men’s and children’s cuts, and Nanokeratin treatments. They have a varied demographic, from families and young professionals to the over 60’s and can boast over 3000 existing customers on their database with new clients visiting the salon every day.  The salon is staff run by a team of loyal, highly skilled staff who take care of their regular clients and have gained a glowing reputation.

The business is available on a leasehold basis and the premises has been renovated to a very high standard throughout, as the vendor has skilfully combined the character features of the property with modern fixtures and fittings. The salon is spacious and bright and can boast 4 hair styling stations (with space for more), 3 back wash basins, staff room, toilet facilities for staff and customers, a waiting area, and a welcoming reception.

The salon has been established since 2015 and has experienced substantial growth on an annual basis since then. They have an excellent reputation and are widely considered a household name in the local community. They pride themselves on their expertise and client care focus which has resulted in a loyal customer base and a vast amount of repeat and recommended custom. They can boast over 1,300 5-star reviews on their online booking system as well as achieving 4.9 stars on Google; both of which bring in around 90% of new clients!

·       Excellent reputation

·       Well-established – since 2015

·       Loyal customer base

·       High customer retention

·       Large, spacious premises

·       Over 1,300 5-star reviews!

·       All fixtures and fittings included

·       High footfall location

·       Staff run by team of highly skilled staff

·       Minimal competition

·       Huge opportunity for further growth and success.

·       Excellent transport links

·       Parking outside

·       Competitive lease – rent only £9,500 pa.

It is with a heavy heart that the current vendor is selling the business due to lifestyle changes. This represents an excellent opportunity for an individual in the hairdressing sector who is looking for an established business or an existing salon who is looking for a lucrative acquisition.

We have already received a high number of enquires at this initial stage, so to avoid disappointment, please contact us for further information.

Read more

Contact Agent

Contact the seller for more details, or book a viewing

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.

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Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

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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.

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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.

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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.

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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.

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The data showed regarding this advert 'This is an excellent opportunity to purchase a well established hair salon in Croydon, South London - 589 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.