Extremely Profitable Salon in Kent For Sale

Situated in a small parade, unopposed trading position, residential area, Kent.

Turnover £ 7,000
Price £275,000

Features

Extremely Profitable Hair Salon

6 DAYS OPENING
LARGE CARPARK TO FRONT

SINGLE FRONTED PREMISES in the region of 1,000 ft², tiled floor, ceiling with spot lights, Reception desk with computer system, chairs for customers waiting

7 work stations with chairs & mirrors
3 back wash basins with chairs.

Toilet with w.c. and wash hand basin.
Kitchen.
Staff room.
Office with potential for a beauty room

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,000 p.w. The accounts dated 30th September 2023 show sales of £ 315,560 with a reconstutited net profit of £104,652

Staff

The business is at present operated by the Manager with 4 full time staff stylists, 1 graduate stylist & 1 part time staff member.

We are informed the wage bill averages £2,750 p.w. approx.

Trading Hours

6 Day week
MONDAY & WEDNESDAY 9am - 4.30pm
TUESDAY & THURSDAY 10am - 8 pm
FRIDAY 9am - 5.30pm
SATURDAY 8.30am - 4.30 pm
Closed Sunday

Outside

Parking space for 1 car.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) trading over - Landlord will grant a new lease for 5 years lease at a starting rent of £10,000 for the first year, then £11,500 per annum with a 3 yearly rent reviews.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1999, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £275,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 137,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote