Town Centre Hairdressing Salon for Sale with Net Profits over £51,000
Undisclosed
- Status
UNDER OFFER
- Date Submitted:
29/10/20
- Advert ID
268431
- Reference
RX257463 M6202E / Rightbiz
- Call Agent:
- Leasehold: £29,995 (Stock at valuation)
- Turnover: On request
- Net Profit: On request
Key Features
- Price Further Reduced
Business Details
TOWN CENTRE HAIRDRESSING SALON
TOWN CENTRE HAIRDRESSING SALON located close to the MAIN BUS STATION, CAR PARKS & SHOPPING CENTRE on the ESSEX/HERTS BORDER. The business has been ESTABLISHED 45 YEARS that has been operated under the SAME OWNERSHIP FOR 25 YEARS and has now come to market with a GENUINE REASON FOR SALE. Our client has built up a HIGHLY ENVIABLE REPUTATION with a LOYAL & REGULAR CLIENTELE and a 3500 DATABASE. Turnover on accounts show NET SALES of £155,085 with a gross profit margin of approximately 47% yielding ADJUSTED NET PROFITS IN EXCESS OF £51,000. We feel there is HUGE SCOPE to further increase revenues as there are NO BEAUTY SERVICES. The premises benefits from LOW OVERHEADS with ZERO BUSINESS RATES PAYABLE and a new secure lease available at a current rental of £10,200 per annum exclusive. EARLY VIEWING ADVISED. OUR REF: RX257463
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Listing Statistics
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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