Asking price: £24,950

Sales revenue: £46,800

Net profit: £22,000

Fixtures value: Undisclosed

Stock value: Undisclosed

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.

Years established: The business has been established well over 30 years

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

Property: Leasehold

Lease terms
Council 5 years lease from 25th March 2008

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

Reasons for selling
Ill health