A well-established, profitable beauty salon occupying a prominent first-floor position in the heart of Saffron Walden, one of Essex's most sought-after historic market towns. Trading successfully for 12 years under the current owner, the business benefits from a loyal, settled team and an extensive client database of approximately 10,000 customers – a significant untapped asset for a new, hands-on owner. The current owner is keen to secure continued employment for the existing staff and would welcome interest from an owner-operator looking to take the business forward.
- Asking Price:
- £34,995
- Turnover:
- £161,000
- Net Profit:
- Under £50K
Property Information
- Property:
-
Leasehold
- Lease Terms:
-
The property is held on a leasehold basis. The current lease is now on a rolling (periodic) basis at a passing rent of £7,000 per annum.
Historically, rent reviews have taken place roughly every 4 years, with the next review due in approximately 2 years' time under the existing arrangement. However, the landlord has confirmed that a new, longer-term lease will be made available to an incoming purchaser at a rent of £8,000 per annum, with the term to be agreed and negotiated directly between the landlord and the incoming tenant.
- Leasehold Rent:
-
£8,000 per annum
- Location:
-
Saffron Walden is one of the finest and best-preserved medieval market towns in England, situated in the north-west corner of Essex. The town is well connected, lying just off the M11 and within easy reach of Stansted Airport, making it popular with commuters as well as those seeking a more traditional market-town lifestyle. The town has been home to a market since 1141, and the twice-weekly market (Tuesdays and Saturdays) continues to draw shoppers and visitors into the town centre, complementing a strong base of independent shops, cafes, restaurants and boutiques. Saffron Walden's cobbled streets and largely unspoilt collection of timber-framed and listed buildings give the town a strong sense of character and continue to attract a healthy volume of both local footfall and visitors.
- Premises Details:
-
The premises comprise a first-floor beauty salon with its own ground-floor entrance and display window, situated beneath a separate ground-floor shop unit (occupied independently) with residential accommodation on the upper floors of the wider building above.
Internally, the salon is arranged to provide a welcoming reception and retail area leading through to a number of individual treatment rooms, a nail/beauty station area, and staff and storage facilities, together with WC facilities. The accommodation totals approximately 537 sq ft , and has been fitted out to a good standard throughout, with feature lighting and quality finishes in the treatment rooms.
Business Operation
- Management type:
- This business is owner operated.
- Employees:
- 4
- Years established:
- 12
