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Leasehold Hair Salon Work Hub Space & Airbnb Located In Falmouth

Falmouth, Cornwall
Leasehold Price:
£59,995
Status
FOR SALE
Advert ID
258253
Reference
2110 / Rightbiz

Leasehold Hair Salon Located In Falmouth                                                                                                                                              First Floor Work Hub Space                                                                                                                                                                    Airbnb On The Top Floor 
Ref 2110
Location
This delightful Hair Salon is located in the vibrant harbour town of Falmouth which offers a variety of blue chip and niche independent retailers and has benefitted from significant investment in recent years in its commercial and residential infrastructure along with Falmouth University. The business is positioned on the main street in the heart of the town centre and only a short walk from the marina and Maritime Museum. Falmouth has recently been voted as one of the most desirable places to live in the UK

Asking Price: £59,995 plus SAV (£750)


Business Description
Veritas Business Sales are delighted to offer for sale this outstanding and unique combination business to include a Hair Salon, Work-Hub & Airbnb which is located in the highly popular tourist hotspot of Falmouth. The business was established 10 years ago from scratch by our clients and is now being offered for sale due to a desire to relocate overseas.                                                                                                                                                                                   Since ownership they have undertaken total refurbishment and 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 owner operated and requires the help of 1 full time and 1 part time members of staff and has an annual turnover of £80,267 with a GP of £53,771 (67%). (The Air B&B t/o was £9,500 from mid February until mid November)                                                                                                                                    Black Dog Hair Salon specialises in colouring, cutting and hot towel wet shaves and the purchase price includes all furnishings within the building. On the first floor the owners have created a Work-Hub environment where people can hire desks daily, weekly or monthly and on the top two floor they have transformed it into an Air BnB with stunning views over Falmouth marina.                                                                                                                                                                We believe that there is further potential to increase trade by increasing staffing levels on a rent a chair basis and opening on Sundays. There are also big opportunities with the Work Hub Space and the Airbnb. These are both new ventures and have already become very popular. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many visiting tourists. 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 as this business is not to be missed.


Opening Hours
Monday – Thursday – 10.00am – 6.00pm
Friday – 10.00am – 7.00pm
Saturday – 10.00am – 5.00pm
Sunday – closed

Leasehold
Original term: 10 years
Remaining: 3 years 
Rent: £16,000 pa
Rates: zero

Ground Floor
Salon (9.8 x 3.5m) comprising:  with salon iQ software, 2 settee’s, 3 retro barbers chairs (Belmonts), 1 retro back wash basin, reception counter, retro duke box, retro pin-ball machine and sink with drainer.

EPC Rating D

First floor 
Work Hub Space (10.8m x 4.1m) comprising: 2 retro barbers chairs, 6 desks with chairs, duke box, 2 side cabinets, glass cabinet, settee,  wi-fi connections for all work spaces, various wall mounted pictures, wall mounted retro bike and coat stand.
Gents W/C with wash basin. 
Ladies W/C with wash basin.

Second floor 
Airbnb
Lounge (5.0m x 4.2m) with large settee, wall mounted TV 50” (Samsung), glass cabinet, feature fire place and two arm chairs.                                                                                                                                                                                        Kitchen (2.6m x 1.7m) with fully fitted wall and floor units, 4 burner electric hob with built in cooker, microwave and sink with drainer.                                                                                                                                                              Bathroom (2.0m x 2.0m) with shower, W/C and wash basin.


Third Floor 
Bedroom (7.4 x 4.8m) with King size bed, large side board with draws, desk with stunning views over Falmouth marina, free standing wardrobe, free standing TV 40” (LG) and 2 laundry baskets.

Listing Details
Leasehold Price: £59,995
Tenure: Leasehold
Location: Falmouth, Cornwall
Sector: Holiday Flat, Hairdressers, Offices
Financials
Annual Turnover: £80,267
Annual Net Profit: Available upon request
Key Features
  • Potential for Alternative Use
  • Town Centre location
  • Close to Local Amenities
  • Adjacent to Multiple Retailers
  • With Accommodation
  • Attractive Business
  • Fully Fitted
  • Accounts Available
  • Prime Location
  • Established Business
Contact Agent
Telephone: Upgrade to view
Agent Name: Upgrade to view
Advert Reference: 2110 / Rightbiz

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