Hair and Nail Salon in Central London For Sale

Occupying a corner position, excellent trading position, residential and commercial area, CENTRAL LONDON

Turnover £ 1,950
Price £100,000

Features

Most Attractive Hair and Nail Salon

GRADE II LISTED

DOUBLE FRONTED PREMISES with AWNINGS & Security GATES, in the region of 420 ft², wood strip floor, spot lights;

4 work stations with chairs & mirrors.
1 manicure stations.
1 manicure/pedicure stations.

Toilet with w.c. and wash hand basin.

Kitchen.

Stock room

Turnover

WE ARE INFORMED by the owner the turnover currently averages £1,200 p.w.

Plus additional income of £3,000 per month form the 4 renters
Person 1 Rent £ 1,000 per month
Person 2 Rent £ 800 per month
Person 3 Rent £ 400 per month
Person 4 Rent £ 800 per month

Staff

The business is at present operated by the vendor,
Said all the staff are self employed, rent space - 1 month termination period.

Trading Hours

By appointment only.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2019 with reviews every 5 years (next review 2029) at a current rent of £25,000 p.a.

Business Rates from April 2025 £5,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2023, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S RELOCATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £100,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 50,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote