Well Established Hair Salon Birmingham West Midlands For Sale

Business description

Well established hair salon in the present owners hands for the last 30 years with sales averaging £900 per week with net profits over £20,000 per annum operating 5 days per week. The salon is situated in a small parade of shops including a pet shop convenience store Chinese Takeaway and Accountants on a main bus route in Kings Heath secured on a Birmingham City council 5 years lease with a rent of £84.00 per week. The property comprises ground floor sales area with 4 styling positions rear kitchen/rest room rear beauty room/store room WC and outside yard with further store room and service road. The business has been established well over 30 years and has many regular clients. The sales area could be modernised with potential to increase the present turnover. Operated by the owner with one full time stylist. The business is closed 3 weeks in the year for holidays. Offers are invited in the region of £24,950 for the goodwill, fixtures and fittings and the benefits of the unexpired lease. Stock extra at valuation.

Property information

Property:

Leasehold

Lease terms:

Council 5 years lease from 25th March 2008

Leasehold rent:

£4,333 per annum

Location:

Well located in Kings Heath a good residential suburb of Birmingham on a main bus route.

Premises details:

The property comprises ground floor sales area with 4 styling positions rear kitchen/rest room rear beauty room/store room WC and outside yard with further store room and service road

Other information

Reasons for selling:

Ill health

Trading hours:

9.00am to 3.00pm Tuesday & Wednesday 9.00am to 4.00pm Thursday & Friday & 8.30am to 4.00pm Saturday

Financing available:

Finance available through Hurdley & Co Telephone 01564 739797