Contemporary Hair & Beauty Salon in East London For Sale

Situated in a parade, main road trading position, EAST LONDON

Turnover £ 3,500
Price £50,000

Features

Contemporary Hair Salon with Beauty Room

5 DAYS OPENING

DOUBLE FRONTED PREMISES, in the region of 1,050 ft² - Polished tiled flooring, suspended ceiling with spotlights.

Granite reception desk.

Customer waiting area.

Display cabinets offering a selection of hair and beauty products.

8 hair styling work stations with chairs, dryers, mirrors and trolleys.

3 back wash basins with chairs

Beauty Room - sublet to beautician.

Cloakroom - with toilet, wah hand basin and mirror

Staff Room - Fridge, sink.

Utility room - Tumbel dryer and washing machine

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,500 p.w.

Staff

The business is at present operated by the vendor with 2 full time and 3 part time staff.

We are informed the wage bill averages £1,100p.w. approx.

Trading Hours

5 Day week
TUESDAY 9.30 am - 6 pm
WEDNESDAY 9.30 am - 6.30 pm
THURSDAY 10 am - 8 pm
FRIDAY 9.30 am - 6 pm
SATURDAY 8.30 am - 5 pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2007 with reviews every 5 years (next review 2027) at a current rent of £22,000 p.a.

We are advised the Landlordis prepared to grant a new 20 years lease to an approved applicant at terms to be agreed.

Business Rates from April 2023 £2,520 approx. after small business relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2017

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £50,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 25,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote