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Reference M4818

Beauty Salon in Hampshire For Sale

Register to see map and to make an appointment Situated in a small parade, close to town centre, HAMPSHIRE

Turnover 900
Price 180,000

Features

Well Fitted Long Leasehold (approximately 115 Years Unexpired) Beauty Salon

PAY & DISPLAY CAR PARKS CLOSE BY

ATTRACTIVE DOUBLE FRONTED BEAUTY SALON with quality night storage heating. Quality stone tiled floor. Reception area with settee. 2 Nail stations with chairs

3 Treatment rooms each with couch & chair, VPL laser machine, (we understand new software installed each year)

Disabled cloakroom with w.c. & wash hand basin
Kitchenette
Storage area

Turnover

WE ARE INFORMED the turnover is the region of 900 p.w. on limited opening hours, in our opinion offering terrific potential for further development in the right hands. We are further advised that the sales year ending 31st May, 2017 showed 39,903 with a gross profit of 32,211 (including rental received of 3,245). At present one of the treatment rooms is let on Tuesday & Thursday & the vendor is receiving a rental of 240 per month.

Staff

The business is at present operated by a lady vendor & no staff are employed

Trading Hours

Monday - 9 a.m. - 1 p.m.
Tuesday - 3.30 p.m. - 8 p.m.
Wednesday - 9 a.m. - 1 p.m.
Thursday - 3.30 p.m. - 8 p.m.
Friday - 9 a.m. - 1 p.m.
It will be appreciated upon inspection that there is potential for additional opening hours

Tenure

WE UNDERSTAND THE PROPERTY IS LEASEHOLD FOR A PERIOD OF 125 YEARS FROM JANUARY, 2008 AT A GROUND RENT OF 200 FOR THE FIRST 5 YEARS INCREASING AT THAT TIME TO 300 FOR THE FOLLOWING 5 YEARS WITH A FURTHER INCREASE AT THE END OF THAT TIME TO 400 FOR THE NEXT 25 YEARS WITH A FURTHER INCREASE FOR THE FOLLOWING 5 YEARS TO 500 P.A. AND A FINAL INCREASE FOR THE REMAINING 25 YEARS OF 600 P.A.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 10 YEARS AND THERE ARE GENUINE REASONS FOR SALE

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE VALUABLE LEASEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS 180,000 plus VAT plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 126,000 (long 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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