Unisex Hair Salon In North Hampshire For Sale

Business description

The Vendor opened the salon in 2007, creating a chic and stylish salon that has quickly established itself in the town. Fitted out to a high standard this attractive, profitable salon offers 8 dressing-out stations, 3 back-wash positions, a comfortable customer waiting area and a nail bar. With over twenty years' experience in cutting, styling and colouring, the Vendor is also a fully qualified teacher and examiner who is happy to remain with the business if required. Spacious, well planned 720 sq ft premises. Rent and rates only £260 per week. Sales averaging £1,750 per week.

Property information

Property:

Leasehold

Location:

LOCATION:
The business is located in an area of North East Hampshire undergoing major regeneration. Together with Farnborough the towns make up the borough of Rushmoor, situated in the heart of the Blackwater Valley. Excellent communication links with other parts of the UK with the A3 and M3 and M4 motorways close by. There are two main line stations with frequent services to London (Waterloo). North Camp station just outside the Borough offers a direct link to Gatwick Airport. Nearby is Farnborough Aerodrome, a business aviation centre and major employer. A number of internationally well-known companies have chosen to locate within the Borough including British Aerospace, Nokia, Thomson Directories, IBM, Zurich Municipal, NTL, CSC, Boots and BOC. Guildford and Farnham are also nearby. Plans for a major residential, retail and leisure redevelopment have been announced which will attract added business. The plan provides for 439 dwellings, a 108-bed hotel, 3,747 sq m of restaurant, bar and retail space, a 7-screen cinema and parking for over 500 cars. Rushmoor provides an excellent environment in which to live, with a wide choice of leisure facilities, forest walks, good quality housing and easy access to London, the New Forest and the South Coast. The Blackwater Valley and Blackwater Canal offer enthusiasts angling, water sports, golf, cycling and horse riding. In addition there is the well-equipped Alpine Snowsports Centre in Aldershot which offers three dry ski slopes. There is a wide choice of indoor entertainment with the nearby Princes Hall a venue for a wide variety of entertainment including music, dance, comedy, mainstream stage shows and rock concerts. The population of the borough is 90,000 with access to an available working population of 1,000,000 within 30 minutes travel time radius.

BUSINESS:
The Vendor opened the salon in 2007, creating a chic and stylish salon that has quickly established itself in the town. Fitted out to a high standard this attractive, profitable salon offers 8 dressing-out stations, 3 back-wash positions, a comfortable customer waiting area and a nail bar. With over twenty years' experience in cutting, styling and colouring, the Vendor is also a fully qualified teacher and examiner and would be happy to work for the new owner subject to negotiation.

BUSINESS PREMISES:
(all sizes are approximate and should be considered 'nominal'.)

The Spacious, well planned 720 sq ft premises include an office, a staff kitchen with laundry equipment, toilet facilities and rear yard with a washing line and a storage area for waste bins. The premises measure approximately 62 ft (19m) x 11'9" (3.6m) 720 sq ft/68 sq m. There is a custom built reception area featuring a Paul Mitchell retail product sales display system. The managers' office measures 8' x 4' (2.4m x 1.2m) and the staff kitchen measures 9'9" x 9' (2.9m x 2.8m).
Note:
Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.

OUTSIDE:
There are pay-and-display car parking slots outside the salon as well as an open-air car park opposite the salon.

TENURE:
The premises are secured on a renewable, fully repairing and insuring 15 year lease which commenced in 2007 at a current annual rent of £12,000. There are 5-yearly rent reviews with the next review due in August 2012.

RATES:
The rateable value of the business premises is £, with rates of £ payable in 2011/12.
NOTE:
This information has been obtained either from the current rate demand for the property, by telephone from the local authority or by reference to the VOA website. The amount payable is the standard rate for the Rateable Value shown. In some circumstances this may vary, and therefore it is recommended that potential buyers make their own enquiries through the local authority to check the applicable rateable value and whether the rates payable will be the figure quoted above.

SERVICES:
We understand from the vendor that all main services are connected to the property.

TRADE:
Accounts inspected by Adams and Co for the year ended 31 March 2011 show turnover to have reached £87,653 with gross profits of £80,817.
Please note that if a business is VAT registered, all figures exclude VAT.

HOURS:
Monday Closed
Tuesday 09.00 to 17.30
Wednesday 09.00 to 20.00
Thursday 09.00 to 18.00
Friday 09.00 to 19.00
Saturday 09.00 to 16.00
Sunday Closed

STAFF:
The Vendor works full time in the business supported by 2 full time stylists each working 5 days per week. A stylist assists on a Saturday along with 2 Saturday staff.

STOCK:
The vendor informs us that the value of the stock is approximately £3,000.

LEGAL FEES:
Vendors and Buyers each to meet their own legal costs, but if a lease is to be assigned from the vendor to the buyer they will also be expected to share the landlord's legal costs on a 50/50 basis. If a buyer wishes to negotiate a 'new' lease, they will be responsible for all the landlord's legal costs.

COMMENTS:
The Vendor's changed personal circumstances have caused her to offer her salon for sale but she is happy to stay on (subject to negotiation) and assist the new owner to build on the solid foundations laid down over the past 4 years.
Financial information will be made available to seriously interested purchasers after they have formally viewed the business.