Hair and Beauty Salon in Surrey For Sale

Semi-detached property, excellent trading position, residential area, affluent picturesque village, area, SURREY.

Turnover £ 5,750
Price £148,500

Features

Long Established, 100% Staff Run, Hair & Beauty Salon

Street parking available for customers

5 DAYS OPENING.

DOUBLE FRONTED PREMISES in the region of 1,400 ft². Laminated strip floor. Reception desk, EPOS till. CCTV system (1 cameras, 1 monitor)

9 work stations with chairs & mirrors

Shampoo room with 3 back basins (Wella fitted)

Laundry room with washing machine, tumble dryer

Separate private areas include -

Barbershop 3 positions

Beauty salon

3 Beauty / Treatment rooms

Toilet with w.c. and wash hand basin

Kitchen / Staff room

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,750 p.w.

FROM THE BUSINESS THE VENDOR RECEIVES A PASSIVE INCOME OF £700 p.w.

Staff

The business has entirely been operated by the staff for the last 6 years. 2 full time, 3 part time sylists, 1 beauty therapist, 1 junior. All employees have over 10 years service to this company.

The wage bill is £1,850 - £2,000 p.w.

Trading Hours

5 Day week
Monday, Wednesday, Thursday and Friday 9.00 am - 5.30 pm
Saturday 8.30 am - 5 pm
CLOSED TUESDAY and SUNDAY
Huge potential to develop further.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease, granted for 10 years in January, 2023 with reviews every 5 years (next review 2028) at a current rent of £16,600 p.a.

Business Rates from April 2022 £1,990 approx. after small business relief. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1989 AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £148,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 74,250 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote