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Reference M5172
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 one day a week 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
**PLEASE NOTE THE PURCHASE OF THIS BUSINESS IS TO BE BY WAY OF SHARE TRANSFER OF THE COMPANY**
Price
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £149,950 plus ASSETS plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Finance
Subject to status, you maybe able to borrow up to £ 74,975 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote
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