Hairdressing Salon in West London For Sale

Situated in a Parade, excellent trading position, residential, office and commercial area, WEST LONDON

Turnover £ 4,500
Price £90,000

Features

Well Presented Hair Salon

DOUBLE FRONTED PREMISES in the region of 750 ft² with tiled floor, ceiling with spot lights, Reception desk, computer, chairs for customers' waiting

7 work stations with chairs & mirrors

Toilet with w.c. and wash hand basin.
Kitchen

Basement in the region of 210 ft² currently rented to 2 people for £1,800 per month.

The Beauty rents a room on a yealy licence for £1,000 per month
An Astheics also rents a room on a yealy licence for £800 per month

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 stylists

Trading Hours

7 Day week
MONDAY - SATURDAY 9am - 6pm
SUNDAY 10am - 5pm

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 2018 with reviews every 5 years (next review 2028) at a current rent of £34,000 p.a. (£12,400 payable due to rental income)

Business Rates from April 2023 £7,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2022, AND NOW OFFERED FOR SALE SOLELY DUE TO OWNERS ILL HEALTH

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £90,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 45,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote