RETIREMENT SALE AFTER 42 YEARS SUCCESSFUL TRADING - PRICE REDUCED FOR QUICK SALE - GOOD CLASS HAIRDRESSING SALON - OFFICE - TWO BED FLAT - ATTRACTIVE GRADE II LISTED PROPERTY - TOWN CENTRE LOCATION IN BUSY PEDESTRIANISED STREET WITH CHARACTER - HISTORIC COUNTRY TOWN IN WYE VALLEY - CLOSE TO WELSH BORDER - WOULD MAKE SUPERB FLAGSHIP SALON
Well Established Hairdressing Salon situated in a delightful pedestrianised street occupied by a wide variety of shops and benefitting from high footfall. Serving a well sought surrounding area in a bustling historic market town close to the Welsh border.
GROUND FLOOR: Traditional Double Fronted Salon (circa.850sq.ft.) smart fitted in open plan - bright, professional & inviting décor.
FIRST, SECOND & THIRD FLOORS: Office. Sunshower Tanning / Beauty Room. Hospitality Kitchenette. Clients Cloakroom. Staffroom. Laundry Room. Storage Room.
FOURTH FLOOR: Excellent Self-Contained Flat with separate entrance from rear (currently vacant):- Living Room. Kitchen. Two Bedrooms (one is en-suite with bath & toilet). Cloakroom.
OUTSIDE: Rear access leading onto very large town centre public parking.
EPC: N/A (Listed Property)
We are advised that Takings averaged around £5,500 on a five day week (ex VAT) with very high levels of profit before Lockdown. The salon has since re-opened from mid-July 2020 and has reported very high levels of trading. Accounts for the year ended 31st March 2018 show Net Profit before tax of £96,000. Books & Accounts will be available for the inspection of bona fide applicants.
Currently run by working owner together with one full time stylist, four part time stylists, one part time receptionist and two apprentices. Staff have been employed for many years and are familiar with the regular customers which, we feel, minimises the risk of customers going elsewhere once working owner departs.
A new lease to be granted in respect of the Salon premises and the flat above for a term of 10 years at a rent to be negotiated with vendor. Potential to sub-let the flat at a rent of circa £675p.c.m. - £8,100p.a.
On this basis the asking price for goodwill, lease, fixtures and equipment:- £35,000 STOCK EXTRA AT VALUATION
Is accommodation included?:
Living Room. Kitchen. Two Bedrooms (one is en-suite with bath & toilet). Cloakroom.
Situated in a delightful pedestrianized street occupied by a wide variety of shops and benefiting from high footfall. Serving a well sought surrounding area in a bustling historic market town close to the Welsh border.
A new lease to be granted in respect of the Salon premises and the flat above for a term of 10 years at a rent to be negotiated with vendor.