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Reference M5336
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
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