Hairdressers Salons for sale in Fordingbridge

View the "UNISEX HAIR SALON IN NEW FOREST" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 A great experience – we had more buyer enquiries through Daltons and the exposure was invaluable to the eventual sale 

Brian Marshall (May 2014)
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Leasehold Price: £29,950 Price Reduced Annual Turnover: £54,387 Annual Gross Profit: £48,680 Annual Net Profit: £25,106
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Business Description
LOCATION:

The business is situated on the main road to Salisbury out of Fordingbridge, an attractive, historic former market town with a population of 5,694. Fordingbridge sits on the banks of the River Avon in the New Forest District of Hampshire, near to the Dorset and Wiltshire borders. It is 81 miles (130 km) south west of London, and 10 miles (16 km) south of the city of Salisbury. It is often referred to as the "Northern Gateway to the New Forest". An interesting place to visit with many small shops, restaurants and popular pubs, it lies on the A338 between Salisbury and Ringwood. It is a popular destination for holidaymakers in Spring and Summer and all year round with walkers since the Avon Valley Path passes through the town. Fordingbridge was recorded in the Domesday Book under the name Forde. The town received its present name when the first Great Bridge was built in mediaeval times in 1286 or earlier. Once an industrial and commercial centre, Fordingbridge boasted many trades and was noted for its smuggling. The infamous Captain Diamond, the "Smuggler King", spent much of his time in a local hostelry. A bronze statue of the controversial painter, Augustus John, stands on the banks of the Avon near the Great Bridge. The bridge is a major feature of the town with its seven graceful arches, which can be seen very easily from the town's large riverside park where one can walk along the riverbank draped with willows and waterside plants. Close by is a children's play area, secluded memorial gardens, parks and sports playing fields.

BUSINESS:

This attractive Wella Hair salon has operated from the same prominent corner trading position for 35 years and has been in the same hands for the past 12 years. The vendor now wishes to retire and relocate to the West Country. Her loyal and well-trained employees are keen to remain with the business and support the new owner.

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

Occupying a ground-floor corner position on the main Salisbury to Ringwood road, the premises are 17 ft / 5.2 m wide x 28'4" / 8.6 m deep (480 sq ft / 44 sq m). Two years ago the vendor installed a "Quickstep" oak laminate floor which carries a 25 year guarantee. There is a sofa for client use and a several retail displays. To the rear is a 10'8" / 3.2m x 7' / 2.2m (74 sq ft / 7 sq m) kitchen/staff rest area/ product store. Door to rear yard and car parking spaces.
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'.)
The vendor of the business does not own the freehold title to the self-contained, first floor residential flat. However, we understand the flat is also for sale but not through this office.

OUTSIDE:
On the main road out of the town, the salon is next door to a Post Office and offers clients free car parking to the rear.

TENURE:
The vendor owns the freehold title and is prepared to either sell the freehold or offer a new lease on favourable terms to a buyer with an opening rent of £7,000 per year. The lease will be a protected lease within the terms of the Landlord & Tenant Act 1954 and therefore renewal rights will apply.
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 £5,700 and is therefore below the £6,000 threshold thus no rates are payable in 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 electricity and mains drainage are connected to the property.

TRADE:

Accounts inspected by Adams & Co for the year ended 5 April 2015 show annual turnover of £54,387 with gross profits of £48,680 and adjusted net profits of £25,106. Please note that if a business is VAT registered, all figures exclude VAT.

HOURS:

Monday Closed
Tues/Wed/Thurs/Fri 09:00 to 17:00
Saturday 09:00 to 13:00
Sunday Closed

STAFF:

The vendor works a total of 30 hours over 3 ½ days per week supported by one employed stylist working 30 hours over 4 ½ days per week for the past 7 years and a self-employed stylist who has been renting a chair at this salon for 25 hours per week for the past 15 years.

STOCK:

The vendor informs us that the value of the stock is approximately £1,500

LEGAL FEES:

Vendors and Buyers each to meet their own legal costs,

COMMENTS:

The vendor now wishes to retire and relocate to the West Country to concentrate on a property renovation. Her decision has created an exciting opportunity for a buyer to take the business forward.

Financial information will be made available to seriously interested purchasers after they have formally viewed the business.
Tenure: Leasehold

Location Details:

On the main Salisbury to Ringwood road through the historic, mediaeval and former market town of Fordingbridge in the New Forest

Leasehold Term:

The vendor owns the freehold title and is prepared to either sell the freehold or offer a new lease on favourable terms to a buyer with an opening rent of £7,000 per year. The lease will be a protected lease within the terms of the Landlord & Tenant Act 1954 and therefore renewal rights will apply.

Listed by: Adams & Co
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HW1486
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