Beauty Salon in Whitechapel For Sale

Situated in a parade, affluent city location, excellent trading position, residential, office and commercial area East LONDON. WHITECHAPEL

Turnover £ 2,000
Price £85,000

Features

Beauty Salon - Specialising In Facials, Massage and Hair Removal

AWARD WINNING (TOP SALON 2022)

6 DAYS OPENING

SINGLE FRONTED PREMISES. Tiled floor, suspended ceiling with spotlights.
Reception desk, card machine. Treatwell booking system.

Spacious seated customer waiting area, coffee table.

3 Beauty rooms comprising:

2 Rooms with massage table, bespoke cabinet for storage, chair, sink and full length mirror

Cloakroom with toilet, mirror and sink

Lower ground floor

Additional treatment room used for storage

Separate staff room / kitchenette with sink, fridge, washing machine

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,000 p.w. In our opinion the business offers tremendous potential to develop further lines with additional staff.

Staff

The business is at present operated by the vendor.

Trading Hours

6 Day week
MONDAY - FRIDAY 11 a.m - 7 p.m
SATURDAY 10 a.m - 5 p.m

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 10 years in 2021 with reviews every 4 years (next review 2025) at a current rent of £20,000 p.a. We understand there is a Break Clause exercisable at that time.

Business Rates from April 2022 £5,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £85,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 42,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote