Popular Somerset Hair & Beauty Salon

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Status
FOR SALE
Advert ID
191614
Reference
1244 / RightBiz

Details

Falcon Commercial is delighted to offer for sale this thriving Hair & Beauty Salon. The business was established by our client since 2011 since then they have made considerable investment and improvements to the premises. It is now reluctantly being placed on the market due to the vendors ill health. During our client’s stewardship the business has built up an excellent reputation for its welcoming atmosphere and friendly service.

Operating from substantial parade premises of real charm and character, this well presented Salon benefits from a well fitted salon with 8 workstations and a separate treatment room which is currently let out at a rate of £75 per week

Unwind Hair and Beauty is run by the proprietor with help from a team of dedicated full and part time staff that work on an agreed rota basis. We are advised that it generates a turnover in the region of £52,000 per year with high gross profit margins. There is tremendous potential to increase the turnover by extending the opening hours, possibly to include Mondays and Sundays.

This rarely available opportunity is not to be missed and early negotiations with Falcon Commercial come highly recommended.

The Premises
Substantial and well maintained building, benefiting from being in a highly visible trading position on one of the main roads that runs through Burnham-on-Sea. There is a good mix of thriving independent and multiple businesses close by.
There is a free car park opposite the salon.
The Salon premises are fitted and presented to high trade specifications throughout.

The premises briefly comprise:

Ground Floor
•Double fronted open plan Salon with suspended ceiling containing
•6 work stations
•2 wet stations
•Beauty room
•Kitchen/Staff room
•Toilet
•Utility room


Business Details

Opening Hours
•Tuesday 9.00am – 2.00pm
•Wednesday 9.00am – 2.00pm
•Thursday 9.00am – 5.30pm
•Friday 9.00am – 7.00pm
•Saturday 9.00am – 3.00pm

Turnover
•£52,000 Per year

Accounts
•Accounts will be provided to genuine purchasers after a formal viewing

Business Rates
•Current Business Rates payable: nil
•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

Legal Costs
•Each party to bear their own legal costs incurred in the transaction

Stock
•The business stock value is: £2000

Staff
•The business is run by a dedicated team of full and part time staff.

EPC Rating
•EPC Rating: TBC

Planning
For further information, you should make your own enquiries to Sedgemoor District Council, Bridgwater House, King Square, Bridgewater, Somerset TA6 3AR

Tenure
The business is held on a secure 10-year lease of which 4 years are remaining. The current rent payable is £650 per month

Viewing
Strictly by appointment with the vendor's agents, Falcon Commercial, 1 Miltons Yard Axminster EX13 5FE on 01297 598080
Listing Details
Leasehold Price: £29,999
Tenure: Leasehold
Sector: Hair & Beauty, Beauty Salons, Hairdressers
Financials
Annual Turnover: £52,000
Annual Net Profit: Available upon request
Key Features
  • Price Reduced
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