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Reference M4903

Beauty Salon in South London For Sale

Beauty Salon in South London For Sale
Beauty Salon in South London For Sale Buy a Beauty Salon in South London For Sale Sell a Beauty Salon in South London For Sale Beauty Salon in South London For Sale for Sale Beauty Salon in South London For Sale for Sale

Register to see map and to make an appointment Situated in a parade, busy road, residential area SOUTH WEST LONDON close to RICHMOND, SURREY

Turnover 2,000
Price 35,000

Features

Well Equipped Beauty Salon

SPACIOUS SINGLE FRONTED PREMISES with full gas fired central heating. Reception area with nail bar.

4 Beauty Rooms all with couches & wash hand basins plus 1 with shower unit

1 Pedicure Room

In addition there is a spray tanning area

Staff room
Office
Kitchen with commercial JLA washing machine plus JLA tumble dryer (both on a rental agreement)

Cloakroom with w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 2,000/2,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. We are further advised that the sales year ending March, 2018 showed 122,274.55 with a gross profit of 107,220.82.

Staff

At present operated by the vendor's wife on a part time basis with the assistance of 2 full time plus 1 part time staff.
It will be appreciated upon inspection that with more active owners, the wage bill could be reduced.

Trading Hours

Monday - Friday inclusive - 9 a.m. - 9 p.m.
Saturday opening - 9 a.m. - 5 p.m.
NO SUNDAY TRADING

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 4 years unexpired at a current rental of 17,000 p.a. exclusive of rates. We are advised, to an approved applicant, the Landlord is prepared to grant a new 10 year lease with reviews every 5 years with a break clause at an initial rental of 17,000 p.a. exclusive of rates.

Uniform Business Rates: 7,800 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 20 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

PERSONALLY INSPECTED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 35,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 17,500 (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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