Superbly Fitted Hair Salon in South London For Sale

Situated in a parade, excellent main road trading position, residential, office and commercial area, close to station, SE LONDON

Turnover £ 1,750
Price £49,500

Features

Attractive Superbly Fitted Hair Salon with Huge Potential To Develop Beauty Treatments In Spacious Lower Ground Floor

5 DAYS OPENING

SINGLE FRONTED PREMISES 280 ft². Laminate wood floor, suspended ceiling with spot and track lights. Curve designed reception area. Cash register, telephone, storage. Bespoke glass display unit.

Customer waiting area for 3 persons.

4 fully equipped work stations with chairs and full length mirrors, 2 back basins.

Stairs to lower ground floor 377 ft². Laminate flooring with suspended ceiling.

Large area offering potential to develop offering beauty treatments, nails, massages, etc.

Cloakroom with toilet, mirror and wash hand basin

Fitted kitchen, with sink, fridge, washing machine

Office

Laundry section with tumble dryer

Salon for Beauty

Turnover

WE ARE INFORMED by the owner the turnover currently averages £1,750 p.w.

Staff

The business is at present operated by the vendor plus 2 senior hair stylists on a part time basis. We are informed the wage bill averages £770 p.w. approx.

Trading Hours

5 Day week
Tuesday - Thursday inclusive - 9.30 a.m. - 6 p.m.
Friday 9.30 a.m. - 7 p.m.
Saturday 9 a.m. - 6 p.m.
CLOSED SUNDAY & MONDAY

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 11 years in 2017 with reviews every 4 years (next review 2025) at a current rent of £23,000 p.a.

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

EPC Rating C ( 72 )

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1995 AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £49,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 24,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote