Price reduced! £39000
We have pleasure in bringing to the market this stunning, salon in Bethnal Green.
It offers a wide range of hair, beauty and nail treatments, massages, and spray tans, The salon uses top of the range products to give clients the best experience possible. The salon was established in 1992 and rebranded in 2013.
Key Facts:
*Great location in a popular town.
*Established 1992
* Staff run
and managed.
Rent: £27,500 per annum.
Turnover: £165,000
Location/Premises:
The salon trades from a great corner location on a busy High Street with very high footfall two minutes from Bethnal Green Station.
Spacious ground floor with mezzanine area, as well as a basement. Reception and hair services are carried out on the ground floor. There are currently five styling stations with ample room for three more. The basement consists of three treatment rooms, one kitchenette with washing machine and dryer. There are also two toilets and a separate shower room and an office. The salon recently went through a refurbishment and requires minimal renovation effort. There is on road pay and display parking.
Tenure
New secured and renewable lease signed in 2018 for 15 years, rent
review occurred last year. Current rent is £27,500 per annum, locked until 2028. Business rates payable for 2024 have been substantially reduced to £3056.37 per annum.
Opening Hours
Currently trading Monday-Saturday, with occasional appointment only
treatments on Sundays. Mon-Thu 11-8, Fri 10 – 7, Sat 10-6
Staff:
The salon is staffed by two part time beauty therapists, and four part time hair stylists (two are self employed)
Comments:
This is an established, highly regarded and well laid out, good sized salon on a very busy High Street. The salon operates Treatwell Connect and is one of the top ranked salons on Treatwell.
There is genuine potential to substantially increase revenue at this salon and is crying out for a hands on owner. It has the space to do so much more. The current owner has very little input in the day to day running of the business as he has other business interests and a young family, but most importantly they are planning on moving abroad.
Viewings:
Please DO NOT approach the business under any circumstances
without an appointment, staff is unaware of sale.
Asking Price:
£69,000 Plus Stock as valued.
To include all fixtures and fittings and equipment.
Support and Training:
All necessary training and a full handover are available to ensure continuity of trading.
Special notes:
Vendor to be responsible for own costs plus Agents fees. Purchaser to be responsible for own costs. Landlords reasonable costs in transferring the lease to be shared 50/50 between Vendor and Purchaser
Serious enquiries only. Purchaser will be required to provide references in order to grant landlord’s approval.
These particulars are written in good faith and set out as a general guide only but do not constitute any part of an offer or contract.
