Nail Bar in North London For Sale

Main road trading position, densely populated residential and commercial area, NORTH LONDON

Turnover £ 1,300
Price £34,000

Features

Nail Salon

SINGLE FRONTED PREMISES in the region of 320 ft² WITH ELECTRIC SHUTTERS, vinyl floor, suspended ceiling with spot lights, Air conditioning with hot air, Reception desk, 2 Ipdas, Cash box

3 Nail Stations.

BEAUTY ROOM with Bed.

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

Turnover

WE ARE INFORMED by the owner the turnover currently averages £1,300 p.w.

Staff

The business is at present operated by the vendor with the assistance of 2 self employed staff (50% commission).

Trading Hours

7 Day week 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 3 years in 2022 with reviews every 3 years (next review 2025) at a current rent of £9,540 p.a.

We further understand that the landlord, subject to satisfactory references, is prepared to grant a new lease at terms and rent to be agreed.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2022, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £34,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 17,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote