 | Hair Salon For Sale West Midlands, West Midlands, United Kingdom Advert ref: 1404JMH FINANCIAL DETAILS | Asking price: £29,500 Sales revenue: < £200k Net profit: < £100k Fixtures value: Undisclosed Stock value: Undisclosed |
BUSINESS DESCRIPTION | The Business Partnership is offering for sale, due to genuine retirement, a well established Hair Salon, opened in 1986 by the current owner and well fitted out with 9 styling stations and 4 backwash units. Separate office, kitchenette and toilet facilities. Excellent flat, with independent entrance, currently rented on Assured Shorthold Tenancy Agreement at £100pw.
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GENERAL INFORMATION | Years established: 21 years
Employees: Vendor only with part-time (20 hours) from an assistant
Property: Leasehold
Lease terms
A Full Repairing & Insuring lease of 25 years, which commenced in 1985 at a rental of £10,000 per annum. Review periods are every five years.
Living accomodation
There is excellent 2-bedroom living accommodation above, completely self-contained, which is currently let on an Assured Shorthold Tenancy Agreement at a rental of £100 per week.
Location
An excellent location situated in a small parade of shops, with free off road parking to the front.
Expansion potential
The business has been in the same hands for 21 years and offers huge potential for anyone with the necessary skill set to own their first business.
Support & training
Excellent handover assured
Reasons for selling
Genuine retirement
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The Business Partnership - Birmingham, West Midlands, Hereford & Worcester | | | |
