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Established Leasehold Hair Salon in Cornwall for Sale, Fully Equipped and Recently Refurbished

Wadebridge, Cornwall

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    16/08/23

  • Advert ID

    518279

  • Reference

    2906 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £139,950
  • Turnover: Not Applicable
  • Net Profit: Not Applicable

Business Details

Leasehold Hair Salon Located In Cornwall

Leasehold Hair Salon Located In Cornwall
Prominent Trading Position
Ref 2906

Location
This well-respected hair salon is located in Cornwall.

Asking Price: £139,950 Plus SAV (£2,000)

Business Description
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.

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

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).

EPC Rating C

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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