Business description

HIGH STREET TANNING SALON IN AFFLUENT AREA Established by the current vendor in 2000, the business is virtually unopposed and in an excellent trading position within this high street close to the various car parks. The business benefits from a high level of regular customers with the majority of them being from the local affluent area, however some travel from up to ten miles away. The business has been developed primarily through recommendation with only an occasional leaflet drop being carried out. A three bedroom flat is also contained within the lease which is currently sub-let for £500 per month although this could be higher. Hours 11.00   am to 7.00 pm Monday to Friday, 9.00 am to 5.00 pm Saturday, 10.00 am to 5.00 pm Sunday. TENURE: Leasehold Potential: There is potential to introduce a nail bar at the salon and the beauty room could be staffed or run by the owner rather than being let out. Rates: Business rates payable of £3,680 pa. Turnover: We are informed that the turnover is averaging just under £50,000 pa with a gross profit of approximately 95%. A further £500 per month comes from the flat rental and £300 per month from the beauty room rental.

Property information

Property:

Leasehold

Lease terms:

Tenure: Fully renewable lease under the landlord's an tennant's act which expires in 2010 and has a current rent of £15,000 pa.

Location:

Property: Approximately 630 sq ft. The salon area has 4 Symphony upright tanning booths with changing area, counter, and retail display. Beauty room, kitchen area, toilet.

Other information

Reasons for selling:

The vendor wishes to concentrate on his other business interests.

Trading hours:

09.30am - 06.30pm Tuesday to Saturday.

Financing available:

The business should readily support loan finance subject to status. For further information please contact Dedman Business Sales.