Extremely Profitable Beauty Salon in South London For Sale

Situated in a Parade, excellent trading position, residential, office and commercial area, SE LONDON

Turnover £ 5,200
Price £199,500

Features

Well Presented Beauty Salon

6 DAYS OPENING

SINGLE FRONTED PREMISES in the region of 665 ft² with wood strip / laminated strip floor, suspended ceiling with spot lights + LED panels, 2 Reception desks (one retail), cash register, Manicure station

3 treatment rooms with electric beds.

1 addional treatment rooms with mobile beds.

Toilet with w.c. and wash hand basin.

Kitchen / Stock room

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,200 p.w. Total combined sales of £269,342.35 and a net profit £99,445.90

Staff

The business is at present operated by the vendor with 2 full time & 2 part time staff plus 1 self employed staff.

Trading Hours

6 Day week
MONDAY, TUESDAY & THURSDAY 10am - 6pm
WEDNESDAY & FRIDAY 10am - 8pm
SATURDAY 10am - 7pm

Outside

Rear garden with storage shed

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2015 with reviews every 5 years (next review 2025) at a current rent of £22,000 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2014, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £199,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 99,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote