Hair Salon in West Sussex For Sale

Situated in a small parade, unopposed trading position, residential area, West Sussex.

Turnover £ 1,500
Price £39,950

Features

Traditional Hairdressing Salon

5 DAYS OPENING

Single fronted premises with new Pvc double glazed windows & new front door in 2023. Karndean wood effect flooring, suspended ceiling with spotlights.

Reception desk, with telephone. 2 Display cabinets.

Customers' waiting area, 2 chairs.

5 cutting positions with chair, mirror, and shelving. etc.

3 Trolleys

Nail station (presently not used)

2 back wash basins.

3 ceiling mounted hood dryers

Cloakroom - separate toilet, universal sink with vanity unit.

Kitchenette / Staff room - twin sinks, fridge.

Rear exit.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £1,500 p.w. Sales year ending 31.10. 2021 £66,399, Gross profit £39,294 (net profit £10,543)

Staff

The business is at present operated by the lady vendor with 1 full time stylist with an assistant working 2 days a week. We are informed the wage bill averages £450 p.w. approx.

Trading Hours

5 Day week
TUESDAY & WEDNESDAY - 8.30 a.m - 5 p.m
THURSDAY & FRIDAY - 9.30 a.m. - 5 p.m.
SATURDAY 8.30 a.m. - 3 p.m.

SATURDAY 8.30am - 3pm

Outside

Rear courtyard

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 2011 with reviews every 5 years (next review 2026) at a current rent of £8,500 p.a.

We understand the Landlords are happy to grant a new 10 year leases at terms to be agreed.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2006, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £39,950 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 19,975 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote