Baker Payne are pleased to offer For Sale this long established, locally renowned, busy, proftiable hair salon business with Leasehold premises, available due to age retirement.
Busy central shopping parade in densely populated residential area of affluence. Plenty of free parking and on road parking to the surrounds, well patronised area, plenty of adjacent complimentary businesses, tidy and well presented easy to manage premises with front and rear access.
An already healthy, long established, and profitable business, yet offering further scope and growth to a new blood operator. For Sale due to age retirement only, the most recent set of accounts show a consistent annual turnover of around £40,000 pa. (Y/E 2018 £41,332) (Y/E 2019 £38,794) High levels of GP at over 90% pa. Current adjusted net profits circa £12,500. The business benefits a regular and repeat client base from a wider area than that of just the 41 | V.1 immediate residential surrounds. With an owner operator stylist, there is also currently one self employed cutter on a 50/50 basis. The potential to rent out further chairs exists, having been explored in the past. Offering well known and branded products, the salon caters for ladies and mens full salon services including cutting and colouring.
Held on a private landlord lease term, with new terms and length available by negotiation. Current rent £7920 pa inc vat.
Full sales information available on request. This business and or property was viewed and valued by Richard Payne (m) 07864 054440 who will be pleased to discuss the opportunity in further detail.
EPC | TBC. Instructed by vendor.