£69,999

Retail premises for sale

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Business

£69,999

Retail premises for sale

Torquay, England, United Kingdom TQ1

Local area information

Property location

Nearby amenities

  • All Saints Babbacombe CofE Primary School 0.3 miles
  • Abbey School 0.4 miles
  • Torquay - North Quay 1.3 miles
  • Torre 1.4 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Read our area guide for Torquay to find out more about the local area.

Features and description

Business
Please quote reference B08467

Cogogo welcomes to the market Pretty Secrets this is a thriving beauty salon located in a highly desirable area of Torquay.

Unlock the potential of your dreams with this profitable beauty salon located in a prime area! Offering an incredible opportunity, this leasehold business is ideal for an entrepreneur or industry professional ready to step into a turnkey operation.

Key Highlights:


  • Impressive Financials:

    • Annual Turnover: £85,000
    • Net Profit: £65,000

  • Low Operating Costs:

    • Monthly Rent: Just £520


Business Details:


  • Established Reputation: Owned and operated by the current sole trader for the past 15 months, this salon has built a loyal customer base and a stellar reputation for quality beauty services.
  • Business Activities: Full-service beauty salon offering high-demand treatments in a stylish and welcoming environment.
  • Prime Location: Conveniently located with high foot traffic and easy accessibility.
  • Lease Details: 3.5 years remaining on the lease with the potential to renew.

Assets: Equipment and furnishings valued at £1,000 are included, ensuring a seamless transition for the new owner.

Operating Hours: Current hours (9 am–5 pm, Monday to Saturday) offer plenty of scope for growth by extending to evenings or Sundays to capture additional clientele.

Why Are They Selling?

The current owner is relocating to Australia and is ready to pass this thriving business on to a motivated buyer.

Scope for Improvement:

  • Expand Hours: Open Sundays or extend evening hours to boost revenue.
  • Marketing Opportunities: Leverage digital and social media to attract new clients.
  • New Services: Add trendy treatments to meet client demands and increase profitability.

  • The Perfect Opportunity Awaits! Priced to sell at just £69,999, this is your chance to own a profitable, established beauty salon with minimal overhead and incredible growth potential.

    Contact us today to book a viewing and take the first step toward owning your own successful beauty business!

    Location
    This business is located at 96 Reddenhill Rd, Babbacombe, Torquay TQ1 3NT.

    Premises
    The salon occupies a well-maintained and fully equipped premises. It's ready to be taken over immediately and offers a professional setting with ample space for treatments and services.

    Tenure
    Leasehold – with 3.5 years remaining on the lease and a low rental rate of just £520 per month.

    Hours

    • Monday to Thursday: 9:00 am – 5:00 pm
    • Friday and Saturday: 9:00 am – 5:00 pm
    • Sunday: Closed


    Staff
    Currently run by a sole trader, with opportunities for the new owner to expand the business by bringing on additional staff as the business grows.

    Financial Profile
    Turnover: £85,000 (Full financials can be made available upon request).

    Net Profit: £65,000

    Assets: £1,000 in equipment and assets

    More information

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    Property descriptions and related information displayed on this page are marketing materials provided by - Cogogo. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Cogogo for full details and further information.

    1. Zoopla
    2. Commercial for sale
    3. Devon
    4. Torquay
    5. Reddenhill Road