Attractive Hair and Beauty Salon in North London For Sale

Situated in a parade, busy road, desired NORTH LONDON LOCALITY

Turnover £ 5,750
Price £165,000

Features

Well Established Attractive Hair & Beauty Salon

ESTABLISHED 2006

EXCELLENT HAIR SALON in the region of 300 sq ft. approx. (28 sq.m) with real wood flooring, chandelier. Reception desk, till. Waiting area.

6 work stations with mirrors & chairs, 2 back wash basins. Display shelving, cutting tools, dryers.

3 Beauty rooms with laminate floor. The beauty rooms are currently let & providing a rental income of £640 each per month totalling an annual income of £23,000

Kichen area

Shower room

Cloak room with toilet and wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,750 p.w. in our opinion having potential to increase with additional opening hours. We are advised sales year ending 31st July, 2023 showed £240,567 with a gross profit of £207,138.

Staff

At present operated by the vendor with the assistance of 2 full time plus 1 part time staff. We are informed the wage bill averages £1,250 p.w. approx.

Trading Hours

5 Day Week
Tuesday, Wednesday, Friday & Saturday 9 a.m. - 6 p.m.
Thursday - 10 a.m. - 7 p.m.
CLOSED SUNDAY & MONDAY

Tenure

We understand the premises are held on a 15 year lease from October 2014 with rent reviews every 4 years at a current rent of £16,000 p.a.

Uniform Business Rates: Nil payable at present after small business relief

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £165,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 82,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote