Hair and Beauty Salon in Erith For Sale

Situated in a parade, excellent trading position, residential, office and commercial area, ERITH, KENT

Turnover £ 2,200
Price £38,000

Features

Well Established Hair & Beauty Salon

5 DAYS OPENING

DOUBLE FRONTED PREMISES in the region of 685 ft² with ELECTRIC SHUTTERS with double doors. Lino floor, suspended ceiling with spotlights. Reception desk, 3 chairs for customers' waiting

7 work stations with chairs & mirrors

1 Nail Station

BEAUTY ROOM currently rented out for £650 per calendar month

Toilet with w.c. and wash hand basin

Kitchen / Staffroom

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,200 p.w.

Staff

The business is at present operated by the vendor on a part time with 2 full time stylists with 1 junior.

Trading Hours

5 Day week
TUESDAY & WEDNESDAY - 9 a.m. - 5.30 p.m.
THURSDAY - 9 a.m - 9 p.m
FRIDAY 9 a.m -6.30 p.m.
SATURDAY 9 a.m. - 5.30 p.m.

Outside

Parking space for 1 car.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 15 years in 2015 with reviews every 5 years (next review 2025) at a current rent of £11,500 p.a. plus VAT. In addition we understand there is a Service charge of £2,000 p.a. plus VAT approx. (As will be appeciated with the rent of £7,800 from the beauty room, the net rent payable at the present time is only £3,700 p.a).

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1985 AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £38,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 19,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote