Hairdressers Salons for sale in Elephant & Castle

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Modern Hair Salon with established cliental and great potential for growth

Elephant & Castle, London, England

  • Leasehold Price: £15,000
  • Annual Turnover: £100,000
Seller Reference: PAX0204046690
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Business Description
 
 
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Seller Reference: PAX0204046690
Request Details
Business Description
Converted to a Salon 3 years ago this salon enjoys an amazing location. Located between Elephant & Castle and Kennington Tube stations and on multiple bus routes the salon enjoys a prominent location at the junction of two main roads. 
Currently in year 3 of a 7+7 lease, the rent is 2,600 pcm, however the basement is sublet, producing an income of 1,580 pcm, leaving a net rent of 1020 pcm. The property qualifies for zero business rates.
There is a main salon area with 4 working stations a reception area and two back washes. On the ground floor there is also a kitchen, shower room and WC. The basement consists of two units current let at 980 and 600 pcm.
Current salon income (excluding rent from basement) varies between 6000 and 8000 pcm. (Opening 5 days a week) This is with  2 stylists and has much room for improvement. 
Lease deposit of 7800

All set up for new owners to walk straight in and start cutting!

For more details please email Mark Cottis at info@aglondon.co.uk
Tenure:
Leasehold
Location Details:
Prominent location on busy junction, located halfway between Elephant & Castle and Kennington tube stations.
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