Nail and Beauty Salon in Surrey For Sale

Situated in a very prominent position in the heart of Reigate Town Centre. Corner trading position, main thoroughfare, comprising established residential, office and commercial areas.

Price £125,000

Features

Prime Location Beauty & Nail Salon

5 DAYS OPENING

Outstanding opportunity to acquire a highly regarded and reputable nail & beauty salon (established 20 years ago).

There are two shops which have been merged together by the current owner. These can easily be separated back into two separate units if required as the two properties have independent entrances and are on separate leases.

Double fronted premises in the region of 875 ft² with ceramic tiled floor, suspended ceiling with spot lights, 3 chandeliers and reception desk.

4 nail stations, Double pedicure area

Large Single Beauty Room, Electric beauty bed, Storage unit with built in hand basin.

Single Beauty Room/Sunbed Room, Vertical sunbed, Hand wash basin
Skin Station for Skin Analysis

Vanity room, Staff chill out area

Spray Tan Area/Room, Spray tan machine, spray tan tent

Kitchen

Toilet with WC & hand wash basin

DOUBLE BEAUTY SUITE (Shop 2)

2 electric beauty beds, Built in storage units with hand basin, Cristal microdermabrasion machine, Non-surgical face-lifting machine, Client’s elevated relaxation area, Shower room with double shower, Toilet with WC & hand wash basin

Basement Currently being used for storage

Turnover

The business enjoys a good turnover, with full details to be disclosed on inspection.

Staff

The business is at present operated by the vendor with 1 full time.

Trading Hours

5 Day week
TUESDAY 10am - 7pm
WEDNESDAY, THURSDAY, FRIDAY & SATURDAY 10am - 6pm

Outside

Parking space for 2 car

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that SHOP 1 (INCLUDING 2 permanent car parking spaces located in the car park at the rear of the property worth up to £4,000 pa which is included in the lease). Both properties have a combined rent of £16,250 per annum.

The premises are held on a Secure Renewable Lease (private landlord) granted for 10 years in 2017 with reviews every 5 years. This lease is under the Landlords & Tenants Act 1954.

Business Rates from April 2024 £1,142 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2003, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £125,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 62,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote