Beauty Salon in Hertfordshire For Sale

Sought after position, just off the High Street, HERTFORDSHIRE

Turnover £ 3,000
Price £49,950

Features

Old Established Beauty Salon

6 DAYS OPENING

DOUBLE FRONTED PREMISES in the region of 420 ft² with tiled floor, suspended ceiling with spot lights, Reception desk, cash register, 2 Nail Bar, Pedi Room, spray tanning room

First floor

2 BEAUTY ROOMS one with shower.

Toilet with w.c. and wash hand basin.

Kitchen

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,000 p.w.

Staff

The business is at present operated by the vendor with 2 full time & 1 part time staff. (All staff are qualified level 3 and 4 certificate)

Trading Hours

6 Day week
MONDAY -WEDNESDAY 9am - 5.30pm
THURSDAY 9am - 7pm
FRIDAY 9am - 5.30pm
SATURDAY 9am - 5pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2016 with reviews every 5 years (next review 2026) at a current rent of £20,000 p.a.

Business Rates from April 2023 £2,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2016, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £49,950 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 24,975 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote