Leasehold Hair & Beauty Salon For Sale

Business description

Bag a Business is delighted to offer to the market this very busy unisex hair and beauty salon, which was established by our client in 2003 and is only now being placed on the market due to ill health. The business, which has a full EPOS system, is run by our client with help from a dedicated team of staff, resulting in a wage bill of £86,000 per year. Currently the business generates a turnover in excess of £6,000 per week achieving a gross profit of 70%. There are 2 full-time and 2 part-time stylists who work in the salon on a rent a chair basis, paying £15 per day rent and then 50% of their takings. There are five treatment rooms which are currently used by regular free lance therapists and the salon's own staff. The salon has an excellent local reputation for its relaxed atmosphere and friendly service, which has consequently built up a very loyal, local customer base. We see this opportunity as an ideal base for a new owner to build upon, perhaps by opening on Sundays and increasing the services offered. Early viewing must come highly recommended.

Property information

Property:

Leasehold

Lease terms:

Leasehold - 2 leases
Original length: lease 1: 15 years & lease 2: 10 years
Remaining length: Both 10 years
Review every: lease 1: 5 years & lease 2: 3 years
Rent: £22,900 per annum for both leases

Living accommodation:

PROPERTY DETAILS Well presented, two storey premises. Briefly comprising: GROUND FLOOR Extremely well presented salon with 10 workstations and 3 wash basins Kitchen Staff room 2 WCs 2 treatment rooms FIRST FLOOR 3 treatment rooms Wetroom WC Staff room Store room

Location:

This thriving hair and beauty salon is situated within a parade of complementary shops and businesses, on a busy town centre shopping street, in Somerset. It is situated at the heart of the town's main retail area and benefits from ample on and off-street car parking close by. The salon draws its trade from the many people who live in this popular seaside town, as well as from holidaymakers who flock to the area during the summer months. One of the main reasons for the popularity of this town is its large unspoiled seafront and its excellent communication links, being situated just off the M5 motorway. This gives access to virtually any part of England as it connects with both the M4 and M1 motorways.

Other information

Trading hours:

Mon, Tue & Thu: 9.00am - 5.30pm Wed & Fri: 9.00am - 7.00pm Sat: 9.00am - 3.30pm