Beauty Salons for sale in Southampton

View the "Beautifully-presented Hair and Beauty Salon in Southampton" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

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Mr & Mrs Campbell (Jan 2015)
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Leasehold Price: £17,995 Price Reduced Annual Turnover: £47,586 Annual Gross Profit: £43,915
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Business Description
LOCATION:

The business is located on the edge of a densely-populated housing estate on the eastern outskirts of Southampton close to West End and Midanbury. Southampton is one of the country's busiest ports. The city has a rich heritage, culture and programme of events. With favourite high street names, famous department stores and an excellent selection of independent and specialist shops, the city has much to offer. Historically, the medieval walls surrounding the city, the Pilgrim Fathers departures to the Americas and the links to the Spitfire and the Titanic, offer holiday-makers and residents alike a wide variety of interests. The City Art Gallery has a reputation as being the most outstanding gallery in the South of England, with over 3,500 works of art. With easy access to the M27 and the M3, Southampton and its suburbs are popular with people from a wide area in central southern England and are also close to The New Forest and the affluent commuter areas of South Hampshire and West Sussex.

BUSINESS:

A superbly presented and established 495 sq ft/46 sq m hair salon with a separate 130 sq ft/12.5sq m beauty treatment room located in a densely populated suburb to the east of Southampton. The salon was first established in 1997 and has been under the ownership of the vendor since 2003. The vendor is now looking to spend more time at home with her young family. Fully-equipped and profitable, the business offers 6 dressing stations and 2 backwash and a nail bar. There is a separate beauty therapy room. A 6-year renewable Southampton City Council lease with a low rent of just £70 per week makes this a very attractive opportunity for a first time buyer. Vendor happy to stay on part-time if required.

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

Glazed shop-front with single casement door to hair salon measuring 24 ft x 17 ft (7.4m x 5.2m) with a laminated wood floor and neon strip lighting. 6 dressing stations; 2 backwash units; nail bar; separate beauty treatment room measuring 9' 5" x 7' 10" (2.8m x 2.4m). With an office area, staff kitchen and wc facilities to the rear.
Note:
Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.

PRIVATE ACCOMMODATION:
(all sizes are approximate & should be considered 'nominal'.)
There is no private accommodation included with this opportunity

OUTSIDE:

There is free on-road parking outside the salon which is located in a small parade of shops including a chemist, a convenience store, an Indian and a Chinese take-away.

TENURE:

This is a leasehold opportunity with a 6 year lease in place which expires on 30 December 2017. The lease is a protected lease within the terms of the Landlord & Tenant Act 1954 and therefore renewal rights apply. The current rent payable is £3,500 per year. There are 3-yearly rent reviews with the next review due in 2017.
Please be aware that the landlord will require references to support your application as a tenant and satisfactory bank and trade references will be requested. In addition, the landlord may ask for a rent deposit equal to 3 or 6 months dependent upon quality of references and status of the buyer.

RATES:

The rateable value of the business premises is £3,450 therefore zero rates are payable for 2015/16.

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 electricity and drainage are connected to the property.

TRADE:

Accounts inspected by Adams & Co show turnover of £47,568 for the year ended 31 August 2014 with gross profits of £43,915. Sales for the 9 months ended 31 May 2015 were in the region of £36,000 from trading just 3 days per week.
Please note that if a business is VAT registered, all figures exclude VAT.

HOURS:
Monday & Tuesday Closed
Wednesday 09:00 - 17:00
Thursday 11:00 - 20:30
Friday Closed
Saturday 08:00-15:30
Sunday Closed

STAFF:

The vendor works 3 days a week supported by one employee working 2 days per week and 3 part-time shampoo-ists. The beauty treatments are provided by a self- employed therapist.

STOCK:
The vendor informs us that the value of the stock averages between £1,000 and £1,200.

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 wishes to spend more time with her growing family which has created an exciting opportunity for a new owner to build on the solid foundations laid down by the current operator over the past 12 years. The vendor is happy to work part-time for the new owner if required.
Financial information will be made available to seriously interested purchasers after they have formally viewed the business.
Tenure: Leasehold

Location Details:

On the edge of a densely-populated housing estate on the eastern outskirts of Southampton close to West End and Midanbury.

Leasehold Term:

This is a leasehold opportunity with a 6 year lease in place which expires on 30 December 2017. The lease is a protected lease within the terms of the Landlord & Tenant Act 1954 and therefore renewal rights apply. The current rent payable is £3,500 per year. There are 3-yearly rent reviews with the next review due in 2017. Southampton City Council Landlord.

Listed by: Adams & Co
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HW1477
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