Hair & Beauty Salon in Colchester For Sale

Situated in a parade, excellent trading position, residential, office and commercial area, busy town near Braintree, ESSEX COLCHESTER

Turnover £ 1,200
Price £29,995

Features

Well Established Hair and Beauty Salon

5 DAYS OPENING

SINGLE FRONTED PREMISES in the region of 720 ft² with (LVT) vinyl floor, suspended ceiling with LED panel lights & hanging lights. Reception desk, cash register. Settee for customers' waiting

4 work stations with chairs & mirrors

1 Nail Bar

BEAUTY ROOM

Toilet with w.c. and wash hand basin

Kitchen

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,200 p.m. Further income from Rent a chair and Rent a Room £1,634 p.m.

Staff

The business is at present operated by the vendor plus 1 self employed cutter who pays £200 p.w.

Trading Hours

5 Day week
TUESDAY - SATURDAY 9.30 a.m - 5 p.m

Outside

Ample parking accessible on foot within 100 metres.

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 October, 2022 with reviews every 5 years (next review 2027) at a current rent of £9,200 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2018 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £29,995 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 14,998 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote