Attractive Beauty Salon in Tottenham Court Road For Sale

Situated in a parade, prominent trading position, residential, office and commercial area, CENTRAL LONDON TOTTENHAM COURT ROAD

Turnover £ 5,000
Price £105,000

Features

Attractive Beauty Salon

5 DAYS OPENING

SINGLE FRONTED PREMISES in the region of 1,085 ft². Wood strip floor, ceiling with hanging lights and spotlights. Reception desk with computer.

2 nail work stations with chairs & mirrors

2 BEAUTY ROOMS.

Toilet with w.c. and wash hand basin

Basement in the region of 560 ft² with:

3 BEAUTY ROOMS

Store room

Small Kitchen with washing machine

Toilet with shower, w.c. and wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w.

Staff

The business is at present operated by the vendor on a part time basis with a manager plus the assistance of 1 full time & 2 part time staff

Trading Hours

6 Day week can be open 7 days per week, if desired

MONDAY - THURSDAY 11 a.m - 8 p.m
FRIDAY 11 a.m - 7 p.m
SATURDAY 10 a.m - 5 p.m

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that, to an approved applicant, the Landlord is prepared to grant an new secure and renewable 10 year lease at an initial rent of £33,000 pa for the first 3 years with a rent of £38,500 pa for year 4, with rent reviews every 4 years.

The Landlord will require a £10,000 rent deposit.

Business Rates from April 2023 £6,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2008 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £105,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 52,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote