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Leasehold Hair Salon Located In Cornwall For Sale

Cornwall, UK
Asking Price:
£139,950 Furniture / Fixtures included
Turnover:
£270,627
Net Profit:
Undisclosed

Leasehold Hair Salon located In Cornwall. Prominent high street location. Fully fitted and newly refurbished.

Veritas Business Sales are delighted to offer for sale this very popular and well positioned Hair Salon which is located Cornwall The business was established by our client 11 years ago and is now being offered for sale so that our client can concentrate on other business interests.
Since ownership they have undertaken total refurbishment and continually invested in new & retro equipment, along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The business is currently overseen by the owner who dedicates her time at her other salons and so requires the help of 3 full time and 4 part time members of staff. The business posted an annual turnover for year ending 31st May 2022 of £270,627 with a GP of £242,174 (89.5%). The salon provides a full range of services for women, men and children.
We believe that there is further potential to increase trade by increasing the opening hours in the week and opening on Sundays. The addition of a web-site would also increase trade. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a superb opportunity for any young stylist looking to have their own salon which is a great base to build upon and as such early viewing is highly recommended as this is one not to be missed.

Property Information

Property:

Leasehold

Lease Terms:

Original term: 7 years
Remaining: 3 years 6 months
Rent: £21,600 pa

Location:

This well-respected hair salon is located in Cornwall.

Premises Details:

Ground Floor
Salon (13.2m x 5.6m) comprising: reception desk, 2 computer monitors and keyboards, various plants, 5 reception chairs with coffee table, 2 product shelving units, 10 cutting stations with chairs and wall mounted mirrors, 3 cutting stools, wall mounted towel rack, 6 product trolleys, 2 towel bins and various pictures.
Product area (2.7m x 2.3m) with sink drainer and directional hose, various shelves and work surface with draws.
Toilet (1.2m x 1.2m) with W/C , wall mounted mirror and wash basin.
Staff room (3.3m x 3.1m) comprising: kitchen units, microwave (Eco), drinks fridge (Russel Hobbs), various shelves, under counter fridge (Hoover), sink with drainer, coffee machine (Novo), coffee machine (Krups), tumble dryer (Indesit), washing machine (Hoover), wall mounted mirror, table, 2 chairs and 4 steam mops.
Office (3.4m x 1.7m) with desk, 2 chairs, shelving unit, various pictures, wall mounted mirror and clock.

External
Parking for (1).

Energy Performance Rating:
C

Business Operation

Years established:
11 years

Other Information

Inventory / Stock value:
£2,000