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THIS BUSINESS IS NOW UNDER OFFER

Hairdressing Business, Fareham PO14, Long Established, Locally Renowned, Busy, Profitable,

Fareham, Hampshire
Status
UNDER OFFER
Advert ID
257467
Reference
BP.0070849 / Rightbiz
01823432603
Leasehold Price: £20,000
Annual Turnover: £40,000
Annual Net Profit: £12,000

Baker Payne are pleased to offer For Sale this long established, locally renowned, busy, profitable hair salon business with Leasehold premises, available due to age retirement.

Listed to the market just prior to Covid19, the busines is reopening with the assumed pent up demand and similar established historic trade and client list. 

Busy central shopping parade in densely populated residential area of affluence. Plenty of free parking and on road parking to the surrounds, well patronised area, plenty of adjacent complimentary businesses, tidy and well presented easy to manage premises with front and rear access. 

An already healthy, long established, and profitable business, yet offering further scope and growth to a new younger blood operator. For Sale due to age retirement only, the most recent set of accounts show a consistent annual turnover of around £40,000 pa. (Y/E 2018 £41,332) (Y/E 2019 £38,794) High levels of GP at over 90% pa. Current adjusted net profits circa £12,500. The business benefits a regular and repeat client base from a wider area than that of just the immediate residential surrounds. With an owner operator stylist, there is also currently one self employed cutter on a 50/50 basis. The potential to rent out further chairs exists, having been explored in the past. Offering well known and branded products, the salon caters for ladies and men's full salon services including cutting and colouring.

Tenure - Following the expiry of a longer standing lease term (private landlord) the existing tenant/vendor has renewed on a short term rolling basis (June 2020) - New/longer terms are available by negotiation with the landlord. Current rent £7920 pa inc VAT.

The buyer will be responsible for the sellers reasonable solicitors costs. 

Full sales information available on request. This business and or property was viewed and valued by Richard Payne (m) 07864 054440 who will be pleased to discuss the opportunity in further detail. 

EPC | TBC. Instructed by landlords recently. 

Listing Details
Location: Fareham, Hampshire
Marketed By: Baker Payne Property
Sector: Miscellaneous Businesses, Hairdressers, Barbers
Key Features
  • Offers Invited
  • Adjacent to Multiple Retailers
  • Established Business
  • Price Further Reduced
  • Close to Local Amenities
  • Attractive Business
  • Central Position in Affluent Village
  • Accounts Available
  • Small Business
  • Retirement Sale
  • New Lease
  • With Car Park
Contact Agent
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Advert Reference: BP.0070849 / Rightbiz

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