Hair & Beauty Salon In Wimbledon For Sale

Business description

Prime sought after site in up market residential area. Establsihed since 1997 with a fine reputation especially in the use of environmental and organic products. Currently operated under management. Fully operational website included in the sale. Well fitted out premises. 8 styling stations and 2 backwashes. Turnover y/e Aug 11 c£374,414. Well fitted 2 Bedroom accommodation included. Current overall rent £45,000 pa.

Property information

Property:

Leasehold

Living accommodation:

Accommodation Included

Location:

Location
Prime site in Wimbledon area of SW London in an up market residential area. Surrounded by many smart restaurants, cafes and shops, within walking distance of both Main Line and Underground stations.

Business
Hair and Beauty Salon established on this site since 1997 with a fine reputation especially in the use of organic and environmentally sound products. The salon is operated totally under management with a very experienced team of staff headed by the Manageress with only administrative input from the owner.

The Beauty business again offers organic treatments with Facials, Massage, Pedicures and Manicures and Waxing.

A fully operational comprehensive website is included in the sale.

Accounts year ending August 2010 show a turnover of £374,414 (excluding vat).
Hours
Tuesday 10am-7pm; Wednesday 10am-9pm; Thursday and Friday 9am-7pm; Saturday 9am-6pm.
Closed Monday and Sunday

Staff
Full time Manageress and two other full time members of staff.
Beautician and 2 Juniors.

Premises
Mid terrace, Ground Floor lock up shop with glass frontage and signage.

Well fitted out interior with tiled flooring, low level lighting, featuring Reception area, 8 styling stations, 2 back washes and one nail station.
Beauty consulting room to the rear fitted with tiled flooring, treatment bed and equipment.

Two kitchen one for staff and one for clients, with dishwasher and sinks.
Laundry room equipped with microwave, washing machine and tumble dryer.

Accommodation
Large light and airy flat sited on two floors above the shop, comprising 2 bedrooms, kitchen, lounge, bathroom/wc.
The flat is currently occupied by the Manageress paying a rent of £900 per month.
On the open market the rent should achieve in the region of £1600 per month.

Tenure
Lease expires 2015. Advised lease renewable within the Landlord and Tenant act but unseen by Adams and Co.
Rent for 2011£45,000 per annum. Increasing in March 2012 to £49,000 and then yearly rental increments until 2015 to £55,000 per annum (including accom). Rates £12,775 for whole building.