Attractive Hair Salon in Hampshire For Sale

Shopping centre locality, excellent trading position, HAMPSHIRE

Turnover £ 3,750
Price £66,000

Features

Well Established Attractive Hair Salon

5 DAYS OPENING

SINGLE FRONTED BOW WINDOWED PREMISES in the region of 375 ft². Non-slip wood effect vinyl flooring, suspended ceiling with spotlights. Portable air conditioning unit.

Customers waiting area seating three. Reception desk, electric cash register.

6 work stations each with chair, mirror and storage

3 back basins

Clymazone machine.

Drying room - 3 hooded dryers.

Kitchen / staff area with sink, fridge, washing machine, tumble dryer, microwave.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,750 p.w. We are advised sales year ending 31st March, 2019 showed £171,000.

Staff

The business is at present operated by the vendor, assistant manager plus 5 part time stylists.
We are informed the wage bill averages £1,200 p.w. approx. including commission.

Trading Hours

5 Day week
Tuesday - Saturday - 9.30 a.m - 5.30 p.m
With the exception of Wednesday when the business remains open until 8 p.m.
CLOSED SUNDAY & MONDAY

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a new 5 years lease from December, 2022 at a rent of £7,400 p.a. In addition we understand there is a Service charge of £2,000 p.a. approx.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1988 AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £66,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 33,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote