Asking price: £30,000

Sales revenue: £35,000

Net profit: < £100k

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Price reduced
Medical retirement
Offers considered

The turnover is currently £35,000 but has been considerably more in the past.

One chair is informally Let at £650pcm.
The Ground Floor office is informally Let for £325pcm

THe Vendor needs to retire for medical reasons.
Includes 1 bedroom flat
Includes office sub-let at £325pcm
Includes chair sub-let for £650pcm

Employees: 1 stylist plus 1 part-time

Trading hours: Tues/Wed/Fri: 9 - 6 Thurs: 9 - 8 Sat : 9 - 5

Property: Leasehold

Lease terms
Annual Rent is £14,000. (Quarterly payments of £3,500) This is largely offset by the Lettings income of £11.700. (from the Chair and the Office). Letting another chair would leave a profit on the rent. We are advised by the Vendor that there are 2 years left on the current lease, and that this can be renewed upon purchase.

Living accomodation
I bedroom self-contained flat over premises

Location
At a prominent road junction with good parking nearby.
A densely populated and very affluent location just inside the M25.
approx. 30 mins from Waterloo.

Expansion potential
The owner has several ideas for business growth but has medical constraints and cannot pursue them. Could be used as traditional Barber or Beauty Salon The location and size of the Salon offers immense potential to develop and grow the business. With re-branding, and active local marketing, progress could come rapidly.

Support & training
As necessary

Reasons for selling
Medical retirement