Retail premises for sale

Business
Please quote reference B07421

Cogogo are delighted to welcome to the market a hair studio in Barking, Suffolk. The premise is set up as a salon, with everything in place for a new buyer to take over. The name is not included in the sale, this would be an asset sale.

This has now come to the open market due to our clients desire to concentrate on other business interests.

The business is a premium hair and beauty business providing a range of services from hair colouring, to frontal installations and braiding. The business caters to all hair types whilst to the same time, ensuring that they create an inclusive and friendly environment.

Their clients receive personalised service from a team of skilled and creative professionals.

The sale includes the company website which has an online booking system.

Key selling points -

• Prime trading position in a busy shopping area with loads of footfall


• Ideal owner managed or partnership business


• Low running costs with inexpensive rent and no business rates


• All fixtures, fittings and equipment included making this a real Turnkey opportunity

Scope to improve -

• Advertising and Marketing campaign, a leaflet drop locally yields good results


• Maximise the use of social media


• Introduce other beauty treatments, maybe nails, brows, lashes etc


• Invest in seo and ppc to drive new customers to company website


• Reopen the business

Location
The business is located on Ripple Road, in Barking, Essex and is located along a busy parade of community shops.

The unit has eye catching signage, and receives high levels of footfall and passing trade.

Premises
The unit occupies a ground floor premises ideally suited to the trade and presented to a high standard.

Salon space -

• Windows and a glazed door to the front. Tiled effect flooring with a suspended ceiling with concealed LED lighting. Reception counter, customer waiting area with leather sofas. Nail bar station, 7 hair stations each with a large mirror.

Kitchen space -

• There is a kitchen area with ample space for making hot and cold.

WC -

• 
  With close coupled toilet and hand wash basin facilities.
  
  

Tenure
We are advised that this is being sold on a Leasehold basis, with a new lease to be negotiated with the new buyer. The current rent is £19,210 per annum.

Hours
The current trading hours are -

Monday - Closed

Tuesday to Saturday - 10:00am - 7:00pm

Sunday - Closed

Staff
We are advised that the business is run and managed by our client, with the help of 4 part-time staff members.

Financial Profile
We are advised as per the 2022 accounts, the business generated a turnover in the region of £65,000. Further financials can be made available upon request.