Beauty Salons for sale in Penrith

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S Martin (Feb 2013)
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Leasehold Price: £28,000 Price Reduced Annual Turnover: £70,576
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Business Description
Situated in prominent position in edge of Lake District town centre;
Salon has 7 styling stations and Beauticians Room
Well established and run business;
Leasehold premises.

LOCATION
Penrith is a market town located on the north east fringe of the Lake District with a population of around 16,000 and catchment population of around 45,000. It has excellent transport links being at the junction of the M6 motorway and the A66 trans-Pennine trunk road and has a Station on the west coast main line linking London and Glasgow. Major retailers in the town include Burtons, Argos, Morrison’s, B & Q, Booths, Sainsbury’s, Aldi, W H Smith, Boots and Sports Direct. The business operates from prominently positioned premises fronting King Street in the town centre.

ACCOMMODATION
The premises comprise the ground floor part of a period town centre building with accommodation as follows:

Open Plan Salon (45.1 sqm / 485 sqft)
7 styling stations, 2 backwash stations, waiting area and reception counter.
Beauticians Room (14.1 sqm / 152 sqft).
Separate WC
Staff Room (11.7 sqm / 126 sqft)
Wall units, washing machine, stainless steel sink unit and shelving.

All references to areas and dimensions are deemed to be approximate.

THE BUSINESS
The Business has been trading at this location under the current management since 2009 and the owner is only selling for personal reasons. Normal trading hours are Monday to Wednesday and Friday 9am to 5.30pm, Thursday 9am to 7pm and Saturday 8.30am to 5pm. There is also an ongoing arrangement with the Inn on the Lake at Glenridding to provide hairdressing services for weddings and functions but it would be up to any new owner to negotiate continuation with the hotel management. The salon operates with 3 full time and 2 part time staff. Full accounts will be made available to bona fide applicants, normally after viewing.

SERVICES
We are advised that mains water, electricity and drainage are connected to the premises. No warranty is given regarding the working order of any appliances or services referred to in these particulars.

TENURE
The premises are currently held on a lease expiring 13 December 2017 at a current rent of £9,600 per annum. We understand the landlord will consider granting a new extended lease to a purchaser in conjunction with the sale of the business.

Note that these are the main extracts from the lease as a guide only and a purchaser/ tenant must satisfy himself of all provisions by inspecting a copy of the lease at the agents.

COSTS
The purchaser/ ingoing tenant will be expected to pay the landlord’s and lessees reasonable legal costs in connection with the lease. Each party will bear its’ own costs in connection with the transfer of the business.

RATES
Description in list: Shop and Premises
Rateable Value: £8,300
Rates Payable: £1,539.74 (2016/17)

FIXTURES & FITTINGS
Included in the sale is an inventory of trade fixtures, fittings, equipment and furnishings. Any items not included in these particulars or the inventory are excluded. Stock will be valued separately and taken on completion.

VAT & STAMP DUTY
All reference to price, premium or rent are deemed to be exclusive of VAT unless expressly stated otherwise. Stamp duty is liable at the prevailing rates.

FINANCE
If you require financial assistance, we can refer you to a local professional who can advise on sources of finance and prepare a business plan which most lenders now require.

VIEWING
Strictly by appointment with the sole agents, Mere Commercial. Tel. 017684 83498. E-mail. info@merecommercial.co.uk Date
EPC

Please contact the agent, Mere Commercial, for further details.
Tenure: Leasehold

Listed by: Mere Commercial
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MA1074
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