Hairdressers Salons for sale in Surrey

View the "GOOD CLASS HAIR SALON - WEALTHY COMMUTER BELT VILLAGE - LEATHERHEAD AREA, SURREY - SMART FITTED - EASY 5 DAY WEEK" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

GOOD CLASS HAIR SALON - WEALTHY COMMUTER BELT VILLAGE - LEATHERHEAD AREA, SURREY - SMART FITTED - EASY 5 DAY WEEK

Surrey, England

  • Leasehold Price: £65,000
Seller Reference: PT.4836
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Business Description
 
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Seller Reference: PT.4836
Request Details
Business Description
GOOD CLASS HAIR SALON - WEALTHY COMMUTER BELT VILLAGE - LEATHERHEAD AREA, SURREY - SMART FITTED - EASY 5 DAY WEEK

Good Class Hair Salon situated in mixed parade of shops forming part of a village centre serving wealthy surrounding commuter belt area, a few miles from Leatherhead in Surrey and within easy reach of the M25.

The Premises are held on a 14 years lease commencing July 2009 and expiring July 2023. Current rent £10,500 per annum subject to review in July 2021 for the last 2 years. Vendors have spoken with the Landlord who has indicated a willingness to renew at the end of the term.

Modern Parade Premises fronted by echelon parking layby and comprising:-

Double Fronted Salon (circa 500sq.ft. overall) smart fitted in open plan. Kitchen / Staffroom. Cloakroom. Rear Service area with two parking bays.

EPC Rating: C-61

The Salon is well run and is supported by a regular clientele. We are advised that Takings currently average around £4,200 weekly. Trading Accounts for the year ended 31st March 2018 show Sales (ex VAT) £181,982 with a reconstituted Net Profit after all expenses, including a salary to the current working partner, totalling £38,304.

The Salon is owned by two partners, one of whom is a full time working hairdresser and the other solely in a back-office accounts role.

In addition there are two full time and three part time stylists and a salon assistant. The working partner says there is easily space and potential clientele for an additional working stylist if a new owner wished to work as well.

Present ownership 9 years, now for sale purely as one of the partners wishes to withdraw their investment. The other partner wishing to stay on working full time as an employee at a very acceptable senior stylist pay rate.

Price required for goodwill, lease, tenants’ fittings, fixtures, utensils and equipment:- £65,000 STOCK EXTRA AT VALUATION
Tenure:
Leasehold
Location Details:
Village centre serving wealthy surrounding commuter belt area, a few miles from Leatherhead in Surrey and within easy reach of the M25.
Leasehold Term:
The Premises are held on a 14 years lease commencing July 2009 and expiring July 2023. Current rent £10,500 per annum subject to review in July 2021 for the last 2 years.
Listed by:
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