Hair and Beauty Salon in Stevenage For Sale

Shopping centre locality, prominent trading position, residential, office and commercial area, STEVENAGE, HERTFORDSHIRE

Turnover £ 4,500
Price £79,000

Features

Well Fitted Hair, Beauty and Nails Spa

PREMISES in the region of 530 ft²

ELECTRIC ROLLER SHUTTER ENTRANCE. Laminated strip floor, suspended ceiling with spot and fluorescent lighting. Reception desk, EPOS till. Settee for customers' waiting.

2 Pedicure stations
2 Nail stations
4 Work stations with chairs & LED mirrors.

2 Luxurious Treatment rooms with massage table.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,500 p.w.

Staff

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

Trading Hours

7 Day week
MONDAY - SATURDAY 9am - 5.30pm
SUNDAY 10am - 4pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 5 years in 2018 with reviews every 5 years (next review 2023) at a current rent of £25,000 p.a. plus VAT. In addition we understand there is a Service charge of £4,400 p.a. approx. + VAT

Business Rates from April 2025 £6,250 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2007 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDOR'S EMIGRATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £79,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 39,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote