Immaculate Hairdressing and Beauty Salon in Vauxhall For Sale

Business located in an excellent trading position, close to the American Embassy, prestigious residential, office and commercial area, SOUTH WEST LONDON VAUXHALL

Turnover £ 3,500
Price £110,000

Features

Immaculate Hair Salon with Beauty Treatments

DOUBLE FRONTED PREMISES in the region of 515 ft². CCTV (2 cameras).Tiled floor, suspended ceiling with spotlights. Reception desk. Customer waiting area with seats and table.

6 work stations with chairs

2 back wash basins with chairs

Separate Beauty Room

Treatment couch, sink, cupboard, mirror, presently let, providing a rental income of £350 p.w.

Customer cloakroom with toilet, mirror and sink

Storeroom with sink, fridge and kettle.

Boiler room, washing machine

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,500 p.w.

Staff

The business is at present operated by the vendor, 2 senior stylists plus BEAUTICIAN WHO WORKS ON COMMISSION, EARNS £1,500 PER MONTH FROM THE BEAUTICIAN. We are informed the wage bill averages £1,000 p.w. approx.

Trading Hours

7 Day week
MONDAY - SUNDAY - 10 a.m - 7 p.m

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 5 years in 2022 with reviews every 5 years (next review 2027) at a current rent of £29,000 p.a. We understand 10 years extension to the lease is possible.

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

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £110,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 55,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote