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Reference M4622

Freehold Hairdressing Salon in North London For Sale

Freehold Hairdressing Salon in North London For Sale
Freehold Hairdressing Salon in North London For Sale Buy a Freehold Hairdressing Salon in North London For Sale

Register to see map and to make an appointment Situated in a parade, excellent trading position & one of the most desirable plots in the locality, densely populated area NORTH WEST LONDON near EDGWARE

Turnover £ 2,000
Price £475,000

Features

Well Established Freehold Unisex Hairdressing Salon

Outstanding opportunity to acquire a modern attractive Salon that is well established and has been trading for over 25 years. This respected Hairdressing Salon we understand has an excellent reputation for good hairdressing, staff relations & training.

DOUBLE FRONTED SALON with laminated woodstrip floor, ceiling with spotlighting. Large reception desk. 4 armchairs for customers waiting. 8 work station with incorporated mirrors & chairs. 2 back basin units. Attractive white décor with modern black & wood furniture & fittings

Staff room/ fitted kitchen area at rear of salon
Cloakroom
W.C. and wash hand basin

Turnover

WE ARE INFORMED the turnover is between £2,000/£3,000 p.w. we understand achieved through regular clients, many recommendations & passing trade. In our opinion there is terrific potential to increase the turnover, especially with newspaper advertising etc. We understand there has been no determined marketing campaigns for many years. We are further advised that the sales year ending 31st March, 2017 showed £101,860 with a gross profit of £98,139.

Staff

At present operated by 4 stylists including the vendor plus 1 full time apprentice plus 3 casual junior part time staff employed.

Trading Hours

Monday - Saturday inclusive - 9 a.m. - 6 p.m.
The business is also closed on all Bank Holidays

Accommodation

The accommodation in the form of a SELF CONTAINED FLAT over is at present let on a shorthold tenancy and provides a rental income of £190 p.w. however we understand that vacant possession can be given on completion, if required. The SELF CONTAINED FLAT comprises:

2 Bedrooms (1 double, 1 single)
Bathroom with bath, w.c. & wash hand basin
Lounge
Kitchen

Tenure

Uniform Business Rates: Nil after 100% small business relief

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 25 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 FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £475,000 o.n.o. plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 332,500 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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