This successful and long-established hair salon has been trading in its current location for 18 years. During this time the salon has developed an excellent reputation with a regular clientele. The current owner offers a comprehensive list of services. There would be additional scope to also add a nail bar which would provide an additional income stream. The Salon benefits from easy access to convenient on street parking for clients and is located on a vibrant and busy parade of shops, which services a large residential community in the surrounding area. This Salon is a fantastic opportunity to acquire a business, which offers considerable scope for hairdressers looking to open their own business. The salon is now only coming to the market as the vendor’s wish to retire.

THE PREMISES: This spacious salon is well appointed and has seven hair stations and 3 back washbasins. Furthermore, there is a kitchenette and a separate utility room to the rear of the premises, customer toilet and colour mixing station, there is also access to the rear of the building. We understand from the vendors that all fixtures, fittings and equipment are owned and will be included in the sale. The salon benefits from easy on street parking.

TURNOVER: We are informed that the business currently averages £2,000 – £2,300 per week and is run by the vendors (1 is the principle stylist and other is the receptionist) with the assistance of one full time and one part time stylist. As well as a part time shampooist who works part time. The salon currently trades from 9am to 5:30pm Tuesday-Friday and 9am-11am on Saturday. The salon has a loyal customer base which is made up of many local residents, but also from people travelling from nearby village. There would be significant scope to increase trading hours and also potentially introduce beauty as there is ample space in salon to accommodate this.

TENURE: The entire premises are held on a full repairing and insuring lease, which has approximately 2 years unexpired at a current rental of £14,000 per annum, inclusive of VAT. The lease has the protection of the landlord and tenant act.

RATES: We have been verbally informed that the business receives the benefit of the Small Business Rate Relief and the amount payable at the present time is zero. The rateable value for the property is £11,750 per annum. Prospective occupiers should make their own enquiries to verify same.

GENERAL REMARKS: Well established business and large client base. Secure Lease. The salon comes to the market in very condition. Low overheads. Easy on street parking available for clients.

PRICE: We are instructed to quote for the leases, goodwill, trade fixtures and fitting. Price reduction £50,000 SAV

LEGAL FEES: Each party to be responsible for their own legal costs.

VIEWING: On no account should any approach be made to the Manager or the staff without a prior appointment through the vendor’s agents, Watkins Commercial, Telephone: 01273 709090.

ENERGY PERFORMANCE CERTIFICATE: The premises has been rated a Band C and the full report is available upon request.

DISCLAIMER: Neither the Vendor nor the Agent gives or implies any warranty that the premises are fit for any particular use or that they comply with any relevant regulation or statutory requirement.

The agents have not tested any apparatus, equipment, fittings or services so cannot verify that they are in working order. The buyer is advised to obtain verification from their solicitor or surveyor before proceeding with the purchase.

VAT: All prices and rents are quoted exclusive of VAT. Any intending purchasers or lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction.

MORTGAGE & FINANCIAL PLANNING: We shall be pleased to assist any purchaser in arranging finance to acquire this business or any other business you may be considering subject to status.

Prop. Ref: 6764M

These particulars are believed to be correct but their accuracy is not guaranteed and
they do not form any part of any contract

APPLICANTS CONFIDENTIALITY AGREEMENT

I understand and agree that any information regarding any business supplied to by Watkins Commercial will be kept strictly confidential. I also undertake that I will:

i) View businesses registered with Watkins Commercial by appointment only.
ii) Not contact any owner, staff, suppliers, competitors or customers of any business
registered with Watkins Commercial
iii) Not pass on any information supplied by Watkins Commercial to any third party other
than a professional advisor et. Bank, solicitor, surveyor accountant, etc.
iv) Submit any offers direct to Watkins Commercial with whom I will conduct all
negotiations
v) Be liable for any commission which would have been due to Watkins Commercial
should I be party to negotiations or actions which seek to preclude, or are contrary to
the interest of Watkins Commercial