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Superb Hair Make Up, Fashion Photography Studio For Sale
Location United Kingdom
Asking Price Range $250K - $500K
Gross Revenues $500000
Net Profit / Cash Flow $50000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2006
Number of Employees 1 - 3
Inventory 70000
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Description ASKING PRICE œ199,999
-LOCATION: Situated in a very central and accessible location in Central London. The business has excellent transport links, whether by train, tube, car, bus or coach. DESCRIPTION: This corner A1 licenced premises are well situated with a modern glass frontage which is 34 ft wide. The premises have a superb modern decor and fittings. The entire premises were expensively renovated and refurbished not long ago. On the spacious ground floor (1,100 sq ft) is a welcoming reception, extensive client seating, eight Hair / make-up stations, 2x backwash basins on raised floor, two viewing rooms for showing clients portfolio pictures and a salon stock room. There is an open-plan staircase which leads down to a large basement (2,310 sq ft) and separate storage area (407 sq ft). The basement holds the main office, 4 studios (used for photography and film), 4 changing rooms, a bookings office, toilets and storage room. The premises has electric heating. Viewing comes highly recommended. EQUIPMENT: There is a long list of equipment and inventory included in the sale which can be seen by a serious interested party. This consists of 8 hair / make-up stations, various computers, IT and electrical equipment and numerous seating and studio / set equipment. There is also a modern internet-enabled security system, phone system and fire alarm system
BUSINESS:pp The business is highly profitable with gross sales are approaching œ6,000 p. W. This is partly due to the excellent marketing campaigns carried out by the business to attract an affluent client base. The owner and his wife are supported by four permanent staff (staff wages of around œ2,000 p. W. ) And 15-20 freelance staff. The freelance staff consists of make-up artists, photographers, viewers and a digital retoucher. TENURE: Lease commenced in May 2006 for a term of 10 years at a rent of œ50,000 p. A. With reviews every 5 years (renewable lease)
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