Business Overview:
Trading from is current location since 2006, the vendor has reluctantly decided to due to personal commitments.
Since acquiring the salon it has benefited from a total refurbishment with all new fixtures and fittings.
The business has 5 modern workstations and 1 backwash.
There is capacity to add two further workstations if one so wished.
Leather seating, mirrors and modern contemporary décor adds to a good ambience and atmosphere in the salon.
Our client specialises in gents grooming with regular clients coming for a traditional shave.
The vendor has advised us that a break clause in the contract, which comes in effect in 2010, could be exercised and the landlord is willing to negotiate a new lease at that precise time. Until then the business will be offered on a sub lease with the vendor to ensure continuity.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
A well proportioned, spacious and modern gent’s salon with an excellent trading position and consisting of the following:
Ground Floor
Single entrance with glass window
Reception area with front desk and waiting area
Main salon area
Kitchen and staff area
W/c
External
Paved to shop front
TENURE: Leasehold
Original lease: 15 years
Remaining lease: 13 years
Break clause every 5 years
Review every: 3 years
Rent: £7,500 per annum
We are advised that the annual business rates are currently: £1450
Market Competition and Expansion:
There is excellent scope for growth; this could include incorporating a unisex salon. Adding health and beauty treatments especially for men such as head massages would compliment the business, as it would offer a fuller service.
Additional Details:
- The property is leased.
- The owner may be willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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