Hairdressing Salon and Beauticians in Tiverton For Sale

Central location, just off main road with car park close by, enviable trading position, residential, office and commercial area, DEVON TIVERTON

Turnover £ 1,000
Price £80,000

Features

Hair & Beauty Salon

4 DAYS OPENING

SPACIOUS SINGLE FRONTED PREMISES 850 sq. ft. LED lighting, Vinyl wood effect plank floor.

WAITING AREA - 3 chairs. Table. TV

SALON - 4 work stations with chairs & mirrors, 2 back wash basins with chairs, storage units.

2 BEAUTY ROOMS - electric beds, armchair, manicure table, mirro, fitted cupboards, with sink.

Kitchenette for staff. Fridge, counter, washing machine, dishwasher and tumble dryer, coffee machine.

2 cloakrooms with toilet and sink (one with disabled access)

Turnover

WE ARE INFORMED the turnover averages £1,000 p.w. We further understand sales year ending April 2021 showed £23,113. Year ending April 2020 showed sales of £49,512 with a gross profit of 83% and sales year ending April 2019 showed sales of £53,215 with a gross profit of 84%.

Staff

The business is at present operated by a husband & wife team with 2 full time self employed staff.

Trading Hours

4 Day week
WEDNESDAY - SATURDAY 7 a.m - 6 p.m
In our opinion the business offers terrific potential with additional opening hours.

Accommodation

THE SELF CONTAINED ACCOMMODATION entrance via door to the left of the shop to FLAT with Gas Fired Central Heating, comprises:

Large Kitchen / Diner
1 Bedroom
Lounge
Bathroom with shower cubicle, sink and wc.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 7 years in 2018, reviews every 5 years, at a current rent of £15,000 p.a. We are further advised the Landlord WILL EXTEND the lease by 7/10 years at a cost of £3,000 plus VAT..

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2018

Price

TO INCLUDE THE LEASE, GOODWILL, FIXTURES & FITTINGS £80,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 40,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote