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Reference M4887
Turnover £ 1,700
Price
£65,000
Features
Well Established Unisex Hairdressing Salon + Beauty Salon
Double fronted premises with tiled floor. 4 work stations with mirrors and chairs. Reception/waiting area. Beauty Room with couch. Additional Beauty Room with lazer machine plus Candela Yag lazer machine (2019 at a cost of £25,000) plus cooler £4,000.
Cloakroom with w.c. and wash hand basin.
Kitchen.
Turnover
WE ARE INFORMED the turnover is in the region of £1,700/£2,000 p.w. (approx. 50% in respect of Unisex Hairdressing with the balance in respect of the Beauty Rooms).
Staff
The business is at present operated by the vendor's wife with the assistance of 1 full time + 1 part time hairdresser. Beauty Room - 1 full time and 1 part time staff.
Trading Hours
Tuesday/Saturday incl. 10 a.m. - 8 p.m.
Sunday opening 10 a.m. - 7 p.m.
The business is closed on Mondays.
Accommodation
THE ACCOMMODATION in the form of a self contained FLAT OVER, is at present let on a short-hold tenancy and provides a rental income of £1,200 per month. We understand, however, that vacant possession can be given on completion, if required.
The accommodation comprises:
1 large double bedroom.
Bathroom with bath, w.c. and wash hand basin.
Lounge.
Kitchen.
Outside
Yard at rear with garage, let at present and we understand providing a rental income of £1,000 per month.
Tenure
WE UNDERSTAND the entire premises are held on a secure renewable 15 years lease from 2014, 5 yearly reviews (next review 2024) at a rent of £33,600 p.a. We understand the rental increase at each rent review is specifically stated at an extra 20%.
(As will be appreciated, with the current rental income from the self contained flat and garage at rear, in total of £26,400 p.a. from car mechanic the net rent payable at the present time is £7,200 p.a).
THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2005 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
RECOMMENDED FOR EARLY INSPECTION.
Price
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS, £65,000 or near offer plus stock at valuation.
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Finance
Subject to status, you maybe able to borrow up to £ 32,500 (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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