Retail premises for sale in Upper Richmond Road, London SW15

£34,995
Retail premises for sale
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Property description

Business
Hilton Smythe are delighted to present one of South West London’s most established hairdressing salons to the open market. Renée Rose Hair Boutique has been successfully trading under our client’s management for five years, who now prefer to sell owing to a decision to retire.

Our client has latterly run the business to accommodate part-time hours. Any new owner could significantly increase turnover by involving new stylists and extending the opening hours.

The business comes with exceptional local goodwill and client feedback and is being advertised on various other traditional and digital media platforms.

Renée Rose has always offered mainstream and specialised cutting, colouring and treatment services for all ages of customer and has an extremely loyal local base of core regular business.

The size and location of the business will undoubtedly attract a high level of interest. We recommend that any new owner might promote any of the following to grow the current turnover:


  • Involve more stylists

  • Involve beauty treatments, for example nails and eyebrows

  • Update the current Facebook page and/or use of other social media

  • Add hairdressing and beauty promotion sites such as Treadwell and Groupon

  • Promote a wig/hairpiece sales and fitting service, previously offered online

  • Reorganise the styling space

  • Extend hours

  • Promote younger-orientated styling and/or men’s styling



Location
Renée Rose Hair Boutique is on Upper Richmond Road, Putney, London SW15 6SS. This prestigious and sought-after trading position is set along a parade of complementary independent businesses which include popular cafés, a restaurant, florist, dry-cleaner and family-friendly community pub.

Upper Richmond Road (A205 – The South Circular) is a busy and vital thoroughfare around the whole of South London and more specifically links the wealthy areas of Richmond Upon Thames and Putney, whose centre is five minutes’ walk from the business.

Putney is a highly desirable community located six miles South West of Central London. The majority of the business’s customers live nearby or are walk-ins by residents working in Central London. There is limited parking on the adjacent streets as well as at the municipal Leisure Centre opposite.

The nearest London Overground station is Putney (0.5 miles); the nearest London Underground station is East Putney (0.75 miles).

Premises
Front External - attract bonus custom to the shop with a private terrace area for flowers and a table/chairs.

Ground floor;


  • Curved reception area.

  • Client waiting area.

  • 5 x hair stations with mirrors and storage.

  • 2 x backwash units.

  • 4 x remote hood dryers.

  • 2 x tall chest of drawers.

  • Rear colour store area.

  • Staff kitchen.

  • Toilet.



Tenure
The business is being offered as a Leasehold tenancy with five years remaining on a 10-year renewable lease paid at just £12,000 per annum. The business also has the extraordinary benefit of a zero per cent Wandsworth Council Business Rate in the current year and previous five years.

Hours

  • Saturday 09.00 – 17.30

  • Sunday-Monday Closed

  • Tuesday-Thursday 10.00-17.00

  • Friday 09.00-17.30



Staff
The business is currently run and managed by our individual client.

Financial Profile
The turnover as of 31.12.18 was £35,997, operating with one owner/stylist on part-time hours, realising a net profit of £19,092.

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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