Hair plus Nail & Beauty Bar in Central London For Sale

Situated in a parade, excellent main road trading position, sought after SW LONDON

Turnover £ 3,500
Price £160,000

Features

Spacious well Fitted Unisex Hairdressing Salon Plus Beauty Salon & Nail Bar

IMPRESSIVE & SINGLE FRONTED UNISEX HAIRDRESSING SALON with oak strip floor & well equipped including reception desk plus seating for customers' waiting. 7 styling positions with quality mirrors & quality chairs, 2 back basins with chairs.

Stairs to basement with tiled floor 2 BEAUTY ROOMS each with couches plus adjoining shower room. The 2 beauty rooms are run by 2 self employed beauticians paying the vendor, in total £700 pw commission

From the ground floor there is an attractive staircase to first floor area at present used for pedicure & nails.

In addition on the first floor is a large cloakroom

Small office

Staff room/stockroom

Turnover

WE ARE INFORMED the turnover in respect of the hairdressing salon is in the region of £3,000/£3,500 p.w. in our opinion offering tremendous potential for further development in the right hands. The 2 beauty rooms are run by 2 self employed beauticians paying the vendor, in total £700 pw commission.
We further understand that the first floor area used for pedicure & nails is currently let on an under-lease having approximately 4 years unexpired and providing a rental income at the present time of £17,500 p.a. inclusive of VAT.

Staff

In addition to the vendor working in the business there are 4 full time stylists and 2 beauticians engaged on a self employed basis.

Trading Hours

Monday - Saturday inclusive - 10 a.m. - 7 p.m.
Sunday 11 a.m. - 5 p.m.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2018 with reviews every 5 years at a current rent of £58,000 p.a.

Business Rates from April 2024 £5,500 approx. after small business relief. (Please contact local authority to confirm)

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £160,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 80,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote