Retail premises for sale in Queensway, London W2

£150,000
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Retail premises for sale

Property description

Business
Please quote reference B05316

Hilton Smythe are delighted to present to the market a once in a lifetime opportunity to purchase a Hair and Beauty business directly next door to one of London’s most exciting mixed use development projects, Whitley’s.

The business is now been run to suit our clients whose other business interests are now forcing them to sell after 11 years of successful styling.

The salon offers -


  • Men’s hair styling and cutting

  • Ladies hair styling and cutting, blow drying

  • Semi-permanent and permanent colouring

  • Manicures, Pedicures

  • Ladies and Men’s waxing

  • Eyelash extensions
    Eyebrow

  • Facials

  • Permanent and semi-permanent make up

  • Spray tans


They have a very loyal customer base which will be transferred to any new owner, as well as excellent feedback on social media, this includes -

4.9/5 on Treatwell

5/5 Facebook reviews

5/5

They advertise on , Hairdressers Near me, Salonaddict, Defacto and Hairdressers Uk.

Hairdressing services start at £27 upto £200 and Beauty from £10 to £70.

The salon carries out a minimum of 5 spray tans per day.

We expect the level of interest to be high for the business due to increased footfall and new customer base which will happen soon, any new owner would benefit from increasing the range of beauty services currently available, adding new equipment and staff too.

Reorganising the lower ground level rooms would allow for more treatment spaces currently used.

Adding a new salon app with online booking ability would significantly increase weekly turnover and improve the efficiency of the staff within the salon.

We feel any experienced salon owner will be able to double the current turnover listed in accounts and truly capitalise on the new exciting developments in this area.

Location
MV Hair and Beauty occupies a highly enviable 2 floor premises on Queensway in Bayswater, London.

The salon is located next door to the multi million redevelopment of Whitley’s, an outstanding heritage building which will include new apartments and townhouses, a new hotel, cinema and choice of restaurants. The building will enhance the continued redevelopment of Queensway which includes widening the pavement areas to include a pedestrian friendly thoroughfare, encouraging local residents, shoppers and business people to spend more time and money within the area.

Bayswater is an affluent area within the City of Westminster and the Royal Borough of Kensington and Chelsea in West London. It is a built up district located 2.5 miles west of Charing Cross.

Queensway is a renowned shopping area of Bayswater offering an excellent choice of independent businesses, branded restaurants and High street banks.

There is metered parking available on Queensway.

Nearest Tube stations are Bayswater and Queensway.

Premises
Ground floor -


  • Main salon includes 9 x hair stations each with own mirror and storage unit
    Reception desk - client details, card machine and pc


  • Coffee bar

  • 3 x backwash units

  • Colouring store

  • Staff area and storage

  • Lower Ground -

  • Spray Tan room

  • Treatment room 1

  • Treatment room 2 (with shower cubicle)

  • Hallway area - large area for nail stations

  • Toilet, boiler room

  • Large staff room / kitchen (could be divided to create 3rd Treatment room)

  • Access to small courtyard space



Tenure
The business is being sold as a Leasehold opportunity with 8.5 years remaining on a 20 year Lease paying £80,000 per year.

Business rates payable are £33,000 per year

Hours

Monday to Saturday - 9am to 8pm



Sunday
- 11am to 7pm



Staff
The business is run and managed by our 2 clients with the help of 8 employed members of staff too.

Financial Profile
The 2017 accounts showed a turnover in excess of £300,000.

Please quote reference B05316

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For more information about this property, please contact
Hilton Smythe Business Sales, 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 Business Sales, and do not constitute property particulars. Please contact Hilton Smythe Business Sales 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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