Ladies Hair Salon In Solihull West Midlands For Sale

Business description

Very well established ladies hair salon operating from premise located in a busy parade of shops including One Stop convenience store Boots the chemists William Hill bookmakers fashion shop barbers off license with plenty of off road customer car parking. Turnover at present averages over £1,000 per week from 5 day trade and operated by the owner with one part time staff. Premise comprises ground floor salon with rear beauty room/office kitchen/rest room and WC. To the first floor there is a separate entrance flat with lounge two double bedrooms kitchen and shower room sub let at present with an income of £575 per month. The whole premise is secured on a 6 years lease with a rent of £190 per week. The salon is capable of a much higher turnover in an enthusiastic new owners hands.

Property information

Property:

Leasehold

Lease terms:

6 years renewable lease from July 2007

Leasehold rent:

£9,900 per annum

Living accommodation:

Separate entrance self contained flat with lounge two double bedrooms kitchen and shower room with WC sub let at present with a rental income of £6,900 per annum

Location:

Superbly located in a good parade of shops including Boots the chemist William Hill Bookmakers and One Stop convenience store with plenty of customer parking. Located in Solihull in a good class residential area.

Premises details:

Spacious ground floor salon with rear beauty room kitchen/rest room and stock room utility and WC

Business Operation

Reasons for selling:

The owner wishes to spend more time abroad

Trading hours:

9.00am to 5.30pm Tuesday and Wednesday, 9.00am to 9.00pm Thursday and Friday and 9.00am to 5.00pm Saturday

Employees:

The owner plus one full time and one part time stylists

Years established:

40 years plus

Other information

Financing available:

We can introduce you to various business brokers or banks depending on your circumstances. We now have a qualified commercial broker with us able to offer finance from prime lenders at reasonable interest rates.