Renowned Hair and Beauty Salon in Palmers Green For Sale

Situated in a parade, excellent main road trading position, close to railway station, residential & commercial area, NORTH LONDON PALMERS GREEN

Price £80,000

Features

Well Established and Renowned Hairdressers and Beauty Salon

6 DAYS OPENING

DOUBLE FRONTED AIR CONDITIONED PREMISES in the region of 725 ft², CCTV (4 cameras), Harwood flooring, Plasterboard ceiling with spot lights, feature pendants and a chadelier.

Customer reception area, desk, telephone, computer, printer, cash register. display shelving.

Waiting area with seating for 5 people.

6 Cutting stations, each with Belmont chairs, mirror, trolly.

3 back wash basins with chairs.

Additional area let to a self emplyed beautician for manicure / eybrow treatments (Rental income £650 p.c.m.)

Customer cloakroom with toilet and sink.

Fitted Kitchen, with sink, coffee machine, frisdge, microwave, diswasher, etc.

Turnover

WE UNDERSTAND the business enjoys a good turnover, full details will be discussed upon inspection.

Staff

The business is at present operated by the vendor with the assistance of 2 part time stylists staff.

We are informed the wage bill averages £1,250 p.w. approx.

Trading Hours

6 Day week
MONDAY 11 am - 6 pm
TUESDAY & WEDNESDAY 9 am - 9 pm
THURSDAY 9 am - 8 pm
FRIDAY 9 am - 7 pm
SATURDAY 8 am - 4pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 12 years in 2021 with reviews every 4 years (next review 2025) at a current rent of £13,000 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2016

Price

TO INCLUDE THE LEASE, GOODWILL, FIXTURES & FITTINGS £80,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 40,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote