Retail premises for sale in London, England, United Kingdom WC1X

Business
Please quote reference B07755

CoGoGo are delighted to welcome to the market Beauty Avenue, a highly rated nail and beauty salon in the Clerkenwell area of London.

The business was first established by our client in 2022, building up an excellent reputation and regular customer base. As seen by the online ratings and reviews, this opportunity has proven to very popular within the area.

Beauty Avenue has now come to the open market due to our clients desire to relocate.

The salon specialises in Pedicure, Manicure and Beauty treatment services, and also has a Prosseco bar. The premises has an alcohol licence until 10:00pm.

The business income is made up of the rent received from the self employed workers, which is currently only at 50% capacity.

The sale of the business comes with its own custom website and booking system that is independent from third parties.

Key selling points -

• Repeat custom


• Newly refurbished to an extremely high standard


• High footfall location


• Trademarked

Scope for further growth -

• Increase advertising and marketing


• Scope to open longer trading hours


• Look at renting out more spaces

Location
Beauty Avenue is located on Grays Inn Road in the Clerkenwell area of London.

The business has eye catching signage, and due to its location, it receives high levels of footfall and passing trade.

Premises
Basement -

• 2 Work spaces


• Beauty rooms - rented to an aesthetics beautician


• WC

Ground floor -

• Large open plan service area with 5 nail stations and 3 pedicure stations


• Prosecco bar

Tenure
We are advised that the business is being sold on a Leasehold basis, currently on a 10 year lease. The rent is £2,450 per month.

Hours
The current trading hours are -

Monday to Sunday - 11:00am - 8:00pm

Staff
We are advised that all the renting space are taken by self employed workers.

Financial Profile
We are advised as per the 2023 accounts, the business generated a turnover in the region of £80,000. Further financials can be made available upon request.