Asking price: £120,000

Sales revenue: < £200k

Net profit: < £100k

Fixtures value: £25,000

Stock value: £1,000

Business description
Confidentially offered for sale is this business offering several income streams.

The property was previously a doctor’s surgery and the business comprises several health, hairdressing, beauty and other complimentary businesses. Within the premises are 2 unisex hairdresser salons, 2 beauty treatment rooms, a physiotherapy treatment room, an osteopath, a tattooist, a party or conference room, a “ladies-only” gym, a counseling room and all run through a large reception area which has a shop selling beauty supplies, jewellery etc.

The vendor operates one of the hair salons and the gym with employed staff. She rents the other rooms to other independent businesses. Some rooms are rented on a full-time basis and others are offered on a daily or hourly rate.

In addition the property has a 2 bedroom flat which is let on an assured shorthold tenancy and could provide additional income or an owners accommodation.

The property is offered on either a leasehold basis with a new lease agreed on sale or the freehold is also available from the vendor if required. Alternatively the business could be initially acquired on a leasehold basis with an option to purchase the freehold at a later date.

Years established: 2006

Trading hours: Monday to Saturday. Occasional Sundays e.g. special promotions, parties etc.

Property: Leasehold

Lease terms
The property is available (with or without the flat) on a new commercial lease on terms to be agreed. Alternatively the vendor is willing to sell the freehold at a guide price of £650k - £700k.

Living accomodation
2 bedroom flat currently let to tenants.

Location
Good town location. Loads of parking.

Expansion potential
There is surely further scope to increase the room income and to expand the gym membership. An energetic new owner may also have other ideas to expand the business.

Support & training
Vendor willing to participate in a fully supported handover.