Hairdressers Salon for sale in Wapping

Wapping, East London


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Sought after residential locality, EAST LONDON

WE ARE INFORMED the turnover averages £8,500 p.w. in our opinion offering further potential to increase in the right hands. We are further advised that the trading and profit and loss accounts year ending 31st August, 2014 showed sales of £361,011 with a gross profit of £323,077 and a net profit of £66,550 (after directors salaries of £14,227).

We understand the premises are held on a secure renewable lease, the present lease having approximately 6 months unexpired at a rental of £14,000 p.a. exclusive of rates. We understand the landlord will consider a surrender of the existing lease and the granting of a new 10/15 years lease at an initial rental of approximately £16,000 p.a. exclusive of rates with rent revisions.

Uniform Business Rates: £3,964 p.a. approx. (after retail relief)

WE UNDERSTAND THE SALON WAS ESTABLISHED BY THE PRESENT OWNERS APPROXIMATELY 20 YEARS AGO AND THERE ARE GENUINE REASONS FOR SALE.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Operated on a 5 day week basis
CLOSED ALL DAY SUNDAY & MONDAY
Tuesday opening - 9 a.m. - 5.30 p.m.
Wednesday opening - 9 a.m. - 7.30 p.m.
Thursday opening - 9 a.m. - 5.30 p.m.
Friday opening - 9 a.m. - 6.30 p.m.
Saturday opening - 9 a.m. - 5.30 p.m.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £97,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £97,000
Tenure : Leasehold
Status: Available
Sectors:
Hairdressers Salons
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