Retail premises for sale in Camden Town, England, United Kingdom NW1

Ref 8076 – Leasehold Beauty Salon
Blacks Brokers are pleased to bring to the market this leasehold beauty salon located in Camden Town, Greater London.

Introduction

Juju's Beauty Salon was established in this affluent, bustling area of Camden Town in 2016 with our client taking ownership in 2021. The business offers a full range of beauty services including waxing and threading, nail design, facials, tanning, eyelash extensions, lvl lash lifts and male grooming. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a good amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google and Facebook. Juju’s Beauty Salon has a comprehensive website in place and strong social media following.

Location

Juju's Beauty Salon occupies a high street trading position within a parade of shops and offices. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as Five Guys, Boots, Tesco and many more. There are also a number of amenities and attractions nearby including Camden Town Underground Station, Odeon Cinema, zsl London Zoo and The Jewish Museum London. The area is well linked with very strong public transport links and parking is available in the surrounding area.

Reason for sale

The business is ideally suited to a hands-on owner-operator but sadly due to our client’s ill health, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

Lease

The building is available on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial lease. The current lease is a fifteen year lease which began in 2010 at a cost of £538 per week.

Staff

The business operates with three members of staff in employment – this includes our client working on a full time basis.

Financial details

Juju's Beauty Salon has traded solidly since opening and our client has established a strong repeat customer base. The accounts available to 31st July 2021 show that the business has an annual turnover of £122,424 and a gross profit of £104,671. Full financial information is available upon request.

Summary

This well established salon occupies an enviable trading position in a sought after, central area of Camden Town. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new services and a strong marketing drive. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Business: £184,995.

Please quote ref: 8076