Hairdressers Salons for sale in South West London

View the "GOOD CLASS HAIRDRESSING & BEAUTY SALON - TWO SELF-CONTAINED FLATS - BUSY PARADE - PROMINENT FRONTAGE - WEALTHY PUTNEY / RICHMOND AREA - SOUTH WEST LONDON" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

GOOD CLASS HAIRDRESSING & BEAUTY SALON - TWO SELF-CONTAINED FLATS - BUSY PARADE - PROMINENT FRONTAGE - WEALTHY PUTNEY / RICHMOND AREA - SOUTH WEST LONDON

South West London, London, England

  • Leasehold Price: £59,000
  • Weekly Turnover: £6,000
  • Annual Net Profit: £70,000
Seller Reference: PT.4851
Request DetailsEmail email
Business Description
 
Image 1 of 1 video_library
Seller Reference: PT.4851
Request Details
Business Description
GOOD CLASS HAIRDRESSING & BEAUTY SALON - TWO SELF-CONTAINED FLATS - BUSY PARADE - PROMINENT FRONTAGE - WEALTHY PUTNEY / RICHMOND AREA - SOUTH WEST LONDON

Well located in a parade of shops on busy road with prominent frontage and easy short-term parking in the wealthy Putney / Richmond area, South West London.

Landlord is offering a new 12 year FRI lease. Rent for year 1 - £46,000 per annum, year 2 - £47,000 per annum, year 3 - £48,000 per annum and year 4 - £50,000 per annum (4 year reviews thereafter).

Surety Rent deposit – 3 months rent.

Sub-let of two flats and Beauty salon create £38,000 per annum in sub-let rental income thus the net rent for the Salon is effectively around £12,000 per annum exclusive.

Smart Well-Appointed Double Fronted Salon (approx. 456sq.ft. / 42.4m2). Stair down to overflow salon area. Beauty Treatments Room & Massage Room. Cloakroom.

Side access to Two Self Contained Flats on first and second floors above (one bedroom flat sub-let at £1,100 per month and the two bedroom flat sub-let at £1,250 per month). .

EPC Rating:- D-95

We are advised that prior to Covid 19 restrictions that takings averaged circa £6,000 weekly (plus the approximate £730 per week being brought in from the sub-let of the two Flats and Beauty Suite). Books and Accounts available for inspection show adjusted Net Profit of £70,000 p.a. Covid 19 restrictions have reduced current takings to around £4,500 weekly which is considered highly likely to pick up again once restrictions are lifted.

This Salon is one of the finest we have been instructed to offer for some while and is an ideal opportunity for an experienced younger owner to purchase an excellent business at a realistic price.

Viewing:- Highly Recommended.

Price required for goodwill, lease, tenant’s fittings, fixtures, utensils and equipment:- £59,000 STOCK EXTRA AT VALUATION
Tenure:
Leasehold
Is accommodation included?:
Two Self Contained Flats on first and second floors above (one bedroom flat sub-let at £1,100 per month and the two bedroom flat sub-let at £1,250 per month).
Location Details:
Well located in a parade of shops on busy road with prominent frontage and easy short-term parking in the wealthy Putney / Richmond area, South West London.
Listed by:
Request Details

Find out more about this business opportunity.

* REQUIRED

Finance Services

Would you like a free no-obligation discussion with a qualified finance provider who could help you to buy this business?

You will ONLY be contacted by your local ASC Finance director. Your details will not be passed on to any third party.

Legal Services

Would you like a free no-obligation quote from a commercial law firm who could help you to buy this business?

You will be contacted by a specialist commercial solicitor from the Legal Marketing Works Network.

Please note that Daltons Business will send the above details to the seller of the business. By submitting this form, you confirm that you agree to our website terms of use, our privacy policy and consent to cookies being stored on your computer.
You may also like...
loder imageloder image