Impressive Hair & Beauty Salon in Walthamstow For Sale

Situated in a parade, excellent High Street trading position, residential, office and commercial area, close to market, EAST LONDON WALTHAMSTOW

Turnover £ 2,300
Price £65,000

Features

Well Fitted Hair & Beauty Salon

6 DAYS OPENING

DOUBLE FRONTED PREMISES in the region of 715 ft² with ELECTRIC SHUTTERS. Heavy duty laminated strip floor, ceiling with spotlights. Air conditioning with hot air. Reception desk. Dettee for customers' waiting

5 work stations with chairs & mirrors

Glass petitioned Nail Room

1 Beauty room

Kitchen

Basement

Beauty rooms

Toilet with w.c. and wash hand basin, washing machine

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,300 p.w.

Staff

The business is at present operated by the vendor on a part time basis with 2 full time staff, 1 self employed (50/50). 3 chairs rented out at £150 each and 2 beauty rooms rented out at £200 each.

Trading Hours

6 Day week
MONDAY - FRIDAY 10 a.m - 7 p.m
SATURDAY 10 a.m - 6 p.m

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 15 years in 2021 with reviews every 5 years (next review 2026) at a current rent of £22,000 p.a.

Business Rates from April 2022 £2,600 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £65,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 32,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote