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Newly Fitted Beauty Salon - East Sussex For Sale

East Sussex, UK
Asking Price:
£9,750 Furniture / Fixtures included
Turnover:
£9,240
Net Profit:
Available on request

Located Five Minutes From Town Centre
Situated Within A Group Of Four Units
Rental Income £9,240
Scope For More Income With Upstairs Space
Low Rent £127 Per Week
Recently Refurbished
Self Employed Staff With Long Term Contracts in Place
Occupied on a Rental Basis
Comprehensive Website In Place
Genuine Reason For Sale
Further Financial Info Available After Viewing
Large Upstairs Area Tenanted on Long-Term Contract
Strong Social Media Following
Fantastic Online Reviews
Potential To Introduce New Services
Great Opportunity for Investment

REF 7020 – Leasehold Newly Fitted Beauty Salon

Blacks Brokers are pleased to bring to the market this leasehold newly fitted beauty salon located in Bexhill, East Sussex.

INTRODUCTION

Bexhill Beauty & Wellness Salon was established by our client in this bustling area of Bexhill in 2018. The business offers a range of beauty services and has quickly become very well known. It has a strong base of regular customers in place as well as benefiting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google and Facebook. Bexhill Beauty & Wellness Salon has a comprehensive website in place and a strong social media following.

LOCATION

Bexhill Beauty & Wellness Salon occupies a prominent trading position within a shopping parade in the centre of Bexhill. The area is densely populated commercially with neighbouring businesses including independent businesses such as a wedding supply business and a successful fitness bootcamp and large multiples such as Sainsburys, The Post Office and Boots. Bexhill Railway Station is also nearby along with the Hastings Direct head office which is a huge employer in the East Sussex area. Bexhill is well linked by the A259 with strong public transport links and parking is available in the surrounding area.

REASON FOR SALE

Our client owns another beauty salon which requires her on a full time basis. This second salon was set up solely as a back up when our client felt the first salon may need to relocate. However, the first salon does not need to relocate, meaning that this second salon is entirely managed by self employed staff. Our client feels it would be more suited to a hands on owner operator and is therefore offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a six year lease which began in 2017 at a cost of £127 per week.

FINANCIAL DETAILS

Bexhill Beauty & Wellness Salon has traded solidly since opening and the salon has established a strong repeat customer base. We are advised that the business has annual turnover of £10,556 purely from rental income. Full financial information is available upon request.

BUSINESS RATES

The business owner currently benefits from small business rates relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This is a newly fitted and well known salon which occupies a superb trading position and has a strong base of regular customers in place already. There is plenty of scope to develop the business further with the introduction of new staff to offer a more consistent level of service to customers. A new owner could also benefit from a strong marketing drive, particularly online to target locals. There is also potential to offer deals for members of staff at local large businesses as outlined above. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Property Information

Property:

Leasehold

Business Operation

Trading hours:

By Appointment

Contact Blacks Business Brokers

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