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Reference M5172

Attractive Hair and Beauty Salon in North London For Sale

Attractive Hair and Beauty Salon in North London For Sale
Attractive Hair and Beauty Salon in North London For Sale Buy a Attractive Hair and Beauty Salon in North London For Sale Sell a Attractive Hair and Beauty Salon in North London For Sale Attractive Hair and Beauty Salon in North London For Sale for Sale Attractive Hair and Beauty Salon in North London For Sale for Sale Attractive Hair and Beauty Salon in North London For Sale for Sale Attractive Hair and Beauty Salon in North London For Sale for Sale Attractive Hair and Beauty Salon in North London For Sale for Sale Attractive Hair and Beauty Salon in North London For Sale for Sale

Register to see map and to make an appointment Situated in a parade, busy road, desired NORTH LONDON LOCALITY

Turnover 5,750
Price 165,000

Features

Well Established Attractive Hair & Beauty Salon

ESTABLISHED 2006

EXCELLENT HAIR SALON in the region of 300 sq ft. approx. (28 sq.m) with real wood flooring, chandelier. Reception desk, till. Waiting area.

6 work stations with mirrors & chairs, 2 back wash basins. Display shelving, cutting tools, dryers.

3 Beauty rooms with laminate floor. The beauty rooms are currently let & providing a rental income of 640 each per month totalling an annual income of 23,000

Kichen area

Shower room

Cloak room with toilet and wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages 5,750 p.w. in our opinion having potential to increase with additional opening hours. We are advised sales year ending 31st July, 2023 showed 240,567 with a gross profit of 207,138.

Staff

At present operated by the vendor with the assistance of 2 full time plus 1 part time staff. We are informed the wage bill averages 1,250 p.w. approx.

Trading Hours

5 Day Week
Tuesday, Wednesday, Friday & Saturday 9 a.m. - 6 p.m.
Thursday - 10 a.m. - 7 p.m.
CLOSED SUNDAY & MONDAY

Tenure

We understand the premises are held on a 15 year lease from October 2014 with rent reviews every 4 years at a current rent of 16,000 p.a.

Uniform Business Rates: Nil payable at present after small business relief

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 165,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 82,500 (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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