• Leasehold hair salon and 2-bedroom flat
• Located in a desirable, affluent area
• Highly visible trading location
• Well established – trading circa 35 years
• Well-presented and equipped throughout
• Beautiful 2-bedroom first floor flat sub-let
• Superb first business opportunity
• T/O circa £76,000 pa, flat rent income £520 pm
• Range of quality fixtures & fittings
• Plenty of free customer parking
• Genuine retirement sale
Falcon Commercial are delighted to be able to offer for sale this well-established hair salon, trading circa 35 years and only being offered for sale because of our client’s decision to retire. Offering a range of unisex hair services and treatments, the business achieves a very respectable T/O of £76,000 per annum, with rent payable at £13,500 per annum. Also available is a first floor, beautifully presented 2-bedroom flat which is currently sub-let and provides an additional income of £520 per month. The salon is well-presented and equipped throughout. This would make an ideal lifestyle change opportunity for a couple or individual looking for a first business in a highly desirable area.
There is tremendous potential to increase the turnover and profits, possibly by extending the opening hours or by employing more staff either directly or on a self-employed “rent a chair basis”.
Early interest is strongly recommended.
Business Details
Business Rates
• Current Business Rates payable: Nil per year
If you qualify for small business relief, up to 100% relief may be available. Interested parties should make their own enquiries of the local billing authority to ascertain the exact rates payable or enquiries can be made online at the VOA website www.voa.gov.uk
Turnover
• £75,000 per year
Accounts
• Accounts will be provided to genuine purchasers after a formal viewing
Legal Costs
• Each party to bear their own legal costs incurred in the transaction. This may not include the Landlord
Stock
• The business stock value is: £5,000
Staff
• The business is run by the proprietor with help from a dedicated team of full and part time staff
EPC Rating
• EPC Rating: TBC
Planning
For further information please make your own enquiries to the relevant local planning office.
Tenure
We are advised that this business comes with the benefit of a secure lease for 20 years of which 9 years are remaining. The current rent payable is £13,500 per year.
Please Note: The Code for Leasing Business Premises in England and Wales strongly recommends you seek professional advice from a qualified surveyor, solicitor, or licensed conveyancer before agreeing or signing a business tenancy agreement. The Code is available through professional institutions and trade associations or through the website: www.leasingbusinesspremises.co.uk
FIXTURES, FITTINGS & EFFECTS
Normal fixtures and fittings associated with this type of property are included in the sale and a detailed inventory of trade fixtures and fittings will be supplied prior to exchange of contracts.
Viewing
Strictly by appointment with the vendor's agents, Falcon Commercial, Second Floor, 114-116 High Street, Honiton EX14 1JP on 01404 758081
Agents Note
At the request of the owner of we would ask that you do not attempt to contact them directly and that all communications go through Falcon Commercial. Thank you
Is accommodation included?:
Yes
Location Details:
This beautifully presented hair salon has an ideal trading position in Telford, Shropshire, in a highly desirable and affluent area considered to be one of most sought-after locations in Telford. The business sits within a parade of shops with FOC frontage parking. The location has excellent ‘A’ road access to nearby towns and the M54, linking up with the rest of the motorway network.
Leasehold Term:
We are advised that this business comes with the benefit of a secure lease for 20 years of which 9 years are remaining. The current rent payable is £13,500 per year.
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