Old Established Hairdressing Salon in Bishops Stortford For Sale

Situated in a small parade, main road trading position, residential and commercial area, MANCHESTER BISHOPS STORTFORD

Turnover £ 1,500
Price £23,000

Features

Old Established Hair Salon

5 DAYS OPENING
FORECOURT TO FRONT PARKING FOR 2 CARS

DOUBLE FRONTED PREMISES in the region of 400 ft² WITH ELECTRIC SHUTTERS - Wooden floor, suspended ceiling with spot lights. Reception desk, cash register, 4 chairs for customers waiting

4 work stations with chairs & mirrors
2 back wash basins with chairs.

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

Turnover

WE ARE INFORMED by the owner the turnover currently averages £1,500 p.w.

Staff

The business is at present operated by the vendor with the assistance of 1 part time staff.

It will be appreciated upon inspection that there is terrific potential to increase the sales with additional staff.

Trading Hours

5 Day week
TUESDAY - SATURDAY 10am - 6pm

It will be appreciated upon inspection that there is terrific potential for additional opening hours.

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 £8,100 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2017, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £23,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 11,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote