Leasehold Health & Beauty Salon In Croydon

Business Description

LOCATION
Occupying a busy residential corner trading position a short walk from Croydon South railway station, and drawing trade from over the wide and affluent residential catchment area.

BUSINESS
Established in 1986 the business has been in the current vendors hands for some 25 years and has built a tremendous reputation for high standards and friendly service to its loyal clientele which has been built up over the years. This well appointed salon offers a large range of treatments and services with market leading professional products to give its clients the best possible experience. These include a wide range of beauty treatments, including luxurious Hot Stone Massage, Manicures/Pedicures, Hair Removal, Tanning services through to a various selection of Facials.
However, the business currently uses only 3 of its 5 treatment rooms and offers potential we feel for Sunday and/or Monday trading which along with an advertising and promotional campaign would help increase upon its current turnover.
Please note that all necessary training and a full handover are available to ensure continuity of trading. The current owner may be prepared to stay on for a set period in a paid role.

TURNOVER
The 2022 - 2024 accounts for the business show an average turnover of £148,745 pa with an average net profit of over £100,000 pa.
The accounts for the year ending March 2025 are not prepared yet but should show similar figures.

STAFF
Vendor plus 2 part time staff (1 does 4 days pwk & 1 does 2 days pwk)

HOURS
11.00am - 8pm Tues & Thurs 9.00am - 5.30pm Weds & Fri 9.00am - 5.00pm Sat Closed Sun & Mon

PREMISES
Victorian corner premises with small forecourt and single entrance to: Reception Area: Tastefully decorated and fitted out to a high end specification. Reception counter: with PC and Phorest Salon booking software. Built in product display units. Door to rear Manicure room with 2 manicure stations, product display cabinets, lazer machine. Store cupboard. Treatment Room 1: Couch, pedicure trolly, ceiling fan, wash basin. Treatment Room 2: Couch, pedicure trolly, cupboards, w/basin. Treatment Room 3: Couch, pedicure station and trolly, cupboards, hand wash basin. Sep. WC with hand wash basin. Kitchenette: Fitted wall and base cupboard units, st/stl sink, microwave oven, fridge. Rear corridor with plumbed washing machine. Door to street. Door to rear enclosed Yard. Access to extension with automated Spray Tan booth, hand wash basin. Treatment room 4: tumble dryer. Treatment room 5: Currently used as store. Note: Full gas fired central heating throughout.

OBSERVATIONS
The salon is presented in great condition, being fully carpeted and exuding a luxurious environment throughout,

TENURE
Negotiable new 15 year lease to be granted to ingoing tenant. Rent £18,000 pa (3 year reviews)

EPC RATING
TBA

BUSINESS RATES
Approx £560 pa (Payable)

Property Information

Property:

Leasehold

Premises details:

Victorian corner premises with small forecourt and single entrance to: Reception Area: Tastefully decorated and fitted out to a high end specification. Reception counter: with PC and Phorest Salon booking software. Built in product display units. Door to rear Manicure room with 2 manicure stations, product display cabinets, lazer machine. Store cupboard. Treatment Room 1: Couch, pedicure trolly, ceiling fan, wash basin. Treatment Room 2: Couch, pedicure trolly, cupboards, w/basin. Treatment Room 3: Couch, pedicure station and trolly, cupboards, hand wash basin. Sep. WC with hand wash basin. Kitchenette: Fitted wall and base cupboard units, st/stl sink, microwave oven, fridge. Rear corridor with plumbed washing machine. Door to street. Door to rear enclosed Yard. Access to extension with automated Spray Tan booth, hand wash basin. Treatment room 4: tumble dryer. Treatment room 5: Currently used as store. Note: Full gas fired central heating throughout.<br><br>

Business Operation

Trading hours:

11.00am - 8pm Tues & Thurs 9.00am - 5.30pm Weds & Fri 9.00am - 5.00pm Sat Closed Sun & Mon

Other Information

Furniture / Fixtures value:

Undisclosed

Inventory / Stock value:

Undisclosed