Old Established Hairdressing Salon in South London For Sale

Situated in a Parade, excellent High Street trading position, residential, office and commercial area, SE LONDON

Turnover £ 3,500
Price £100,000

Features

Old Established Hair Dressers

5 DAYS OPENING
Streamlined Online Booking
Strong Social Media Presence.

SINGLE FRONTED PREMISES in the region of 610 ft² WITH ELECTRIC SHUTTERS, tiled floor, suspended ceiling with fluorescent lighting, Air conditioning with hot air

3 work stations with chairs & mirrors
Additional chair
2 back wash basins with chairs.

Kitchen, washing machine & Tumble dryer.
Staff Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,500 p.w.

Staff

The business is at present operated by the 2 partners with 1 full time & 1 part time staff.

Trading Hours

5 Day week
MONDAY then WEDNESDAY - SATURDAY 9am - 6pm

Outside

Rear yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2018 with reviews every 4 years (next review 2026) at a current rent of £28,500 p.a.

Business Rates from April 2024 £5,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2018, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £100,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 50,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote