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Hair & Beauty Salon with Accommodation

Price:
Leasehold - £85,000
Turnover:
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Seller Ref:
CL001182
Location:

London, SW London, Wimbledon

Business Type:

Service Businesses

See Other:
Beauty salons for sale in London
Hairdressers salons for sale in London
Service businesses for sale in London
Description:
THE BUSINESS:
Hair & Beauty Salon established on this site since 1997 with a fine reputation especially in the use of organic and environmentally sound products. The salon is operated totally under management with a very experienced team of staff headed by the Manageress with only administrative input from the owner.

The Beauty business again offers organic treatments with Facials, Massage, Pedicures & Manicures and Waxing.

A fully operational comprehensive website is included in the sale.

Accounts year ending August 2010 show a turnover of £374,414 (excluding vat). working on a reconstituted net profit c£50,000 if owner operated with same wage structure in place.
2 Bedroom accommodation included in sale.
Location Details:
Prime site in Wimbledon area of SW London in an up market residential area. Surrounded by many smart restaurants, cafes and shops, within walking distance of both Main Line and Underground stations.
Lease Terms:
Lease expires 2015. Advised lease renewable within the Landlord & Tenant act but unseen by Adams & Co. Rent for 2011 £45,000 per annum. Yearly rental increments until 2015 to £55,000 per annum (including accom). Rates £12,775 for whole building. Rent increasing March 2012 - £49,000.
Trading Hours:
Tuesday 10am–7pm; Wednesday 10am-9pm; Thursday & Friday 9am-7pm; Saturday 9am-6pm. Closed Monday an
Accommodation:
2 bedroom accommodatin on two floors with lounge, bathroom/wc. Fitted to high standard.
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