Popular, Award-Winning Hair & Beauty Salon in Solihull Up for Sale
Solihull, West Midlands
- Status
FOR SALE
- Date Submitted:
08/05/24
- Advert ID
610986
- Reference
2777 / Rightbiz
- Call Agent:
- Leasehold: £34,950
- Turnover: Not Applicable
- Net Profit: Not Applicable
Business Details
Established Award Winning Hair & Beauty Salon For Sale In Solihull
Established Award Winning Hair & Beauty Salon For Sale In SolihullRef 2777
Location
This exceptional Hair & Beauty Salon is located in Shirley, Solihull.
Asking Price: £34,950 plus SAV (£3,000)
Business Description
Veritas Business Sales are delighted to offer for sale this respected Hair & Beauty Salon which is located in Shirley, Solihull. The business has been established for over 50 years and has been in the careful hand of my clients for the last 21 years and is reluctantly being offered for sale so that they can enjoy a well deserved retirement.
Since ownership they have rewired, refurbished and continually invested in new 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 overseen by the owner and requires the help of 4 part time members of staff . For year ending 30th November 2023 they pasted an annual turnover of £85,840 with a GP of £78,289 (91.2%). The ground floor hair salon offers cutting, styling, perms, colours and is a Gold Award winning salon for Great Lengths Hair Extensions. The first floor offers beauty & holistic treatments to include, nail treatments and manicures. We believe that there is further potential to increase trade and would benefit from new owner operators . 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 to purchase an established business which is a great base to build upon and as such early viewing is highly recommended.
Opening Hours
More detail on application
Leasehold
Lease term: 5 years
Remaining: 2 ½ years
Rent: £12,750
Rates: Zero
Ground Floor
Hair salon comprising: sales counter, retails sales and display shelves, 8 x mirrored cutting stations, 2 x backwash, wall mounted dryer, portable dryer, and towel storage racks.
Hallway with cloak area.
Kitchen/staff room/stockroom with dispensary area, sink drainer, wall & base units, tea and coffee area, washing machine (Electra), tumble dryer (Hotpoint), fridge (Bush), seating area, towel storage unit and rear exit door.
First floor
Beauty treatment room.
Beauty treatment room.
Treatment room.
W/C with wash basin, vanity unit and wall unit.
The three treatment rooms on the first floor are sub-let for £500 PCM.
The property benefits from gas fired central heating.
External
Rear yard. Side and rear parking for (6).
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Contact seller
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.
Be safe, use a Rightbiz Solicitor
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