Ladies Hair Salon In Good Location For Sale

Business description

Description:
The Business Partnership Coventry are proud to be selling this good sized, bright and spacious salon set in a busy shopping parade to the South of Coventry.

The salon takes more than £1k per week and has shown good growth over recent years. The salon is only managed by the Vendor, with 3 employees. Rental income from one beauty therapy room and rent-a-chair provide a revenue of circa £10k per annum!! Council lease at £7400pa.

This is an ideal first purchase opportunity with great potential for growth from the excellent base established by the Vendor.

Premises Details:
Well presented ground floor premises in a prominent corner position of the busy shopping centre. With a double frontage and 85m2 of floor space, provides an excellent unit within a prime target market place.

Property information

Property:

Leasehold

Lease terms:

The lease is through Coventry City Council, with 3 years remaining of a five year lease. Annual rent is at present £7,400 and rates approximately £1,800 per annum.

Business Operation

Years established:

20+ years