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

Undisclosed, Undisclosed
Status
FOR SALE
Advert ID
256121
Leasehold Price: £15,000
Annual Turnover: Available upon request
Annual Net Profit: Available upon request

Converted to a Salon three years ago this salon enjoys an amazing location. 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 in year three of a seven seven 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 £1580 pcm, leaving a net rent of £1020 pcm. The property qualifies for zero business rates.

There is a main salon area with four working stations a reception area and two back washes. On the ground floor there is also a kitchen, showerroom and WC. The basement consists of two units current let at £980 and £600 pcm.

Current salon income (excluding rent from basement) varies between £6000 and £8000 pcm. (Opening five days a week) This is with two stylists and has much room for improvement.

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 currently incorrect**

Listing Details
Location: Undisclosed, Undisclosed
Sector: Hair & Beauty, Beauty Salons, Hairdressers
Key Features
  • Accounts Available
  • Fully Fitted
  • Prime Location
  • Owner Financed
  • Established Business
  • Attractive Business
  • Small Business
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