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Modern Hairdressing Salon, Great Zone1 2 location, Excellent opportunity. Leasehold

London, London
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Modern Hairdressing Salon, Great Zone1/2 location, Excellent opportunity. Leasehold Photo 1
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Modern Hairdressing Salon, Great Zone1/2 location, Excellent opportunity. LeaseholdModern Hairdressing Salon, Great Zone1/2 location, Excellent opportunity. LeaseholdModern Hairdressing Salon, Great Zone1/2 location, Excellent opportunity. Leasehold
  • Status

    SOLD / WITHDRAWN

  • Date Submitted:

    12/02/20

  • Advert ID

    256121

  • Leasehold: £15,000
  • Turnover: N/A
  • Net Profit: N/A

Converted to a Salon just over three years ago this salon enjoys an amazing position. Located between Elelphant & Castle and Kennington Tube stations and on multiple bus routes the salon enjoys a prominent location at the junction of two main roads.

Currently just started year four of a seven year lease, with the option to extend for a further seven years, the rent is £2600 pcm, however the basement is sublet, producing an income of £1680 pcm, leaving a net rent of £920 pcm for the ground floor. The property qualifies for zero business rates.

There is the main salon area with four working stations a reception area and two backwashes. On the ground floor, there is also a kitchen, shower room and WC. The basement consists of two units currently let at £980 and £700 PCM. This area was originally three smaller units.

There are currently three stylists renting chairs on a weekly basis. Fourth is available and there is room for a possible 5th chair.

Lease deposit of £7800.

All set up for new owners to walk straight in and start cutting!

***Please note restaurant photos and street view on google maps are incorrect**

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  • Attractive Business
  • Prime Location
  • Split Level Trading Area
  • Fully Fitted
  • Accounts Available
  • Small Business
  • Established Business

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SOLD OR WITHDRAWN FROM THE MARKET
Advert pending deletion

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. Rest 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.

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