EXCEPTIONALLY WELL PRESENTED HAIR, BEAUTY & TANNING SALON LOCATED ON BUSY PARADE, HOVE, EAST SUSSEX

EXCEPTIONALLY WELL-PRESENTED HAIR, BEAUTY & TANNING SALON LOCATED ON BUSY PARADE, HOVE, EAST SUSSEX·       5 Hair salon stations·       2 Nail bar stations·       3 Beauty Rooms·       3 Ergoline Sunbeds (lie-down) This well-established business has been in the current vendor’s hands since 2019 and during this time has created a very successful and popular hair, beauty and tanning salon. The vendor has only now decided to sell as she wishes to focus on another business opportunity. This concern offers a comprehensive range of beauty & hair treatments, which is delivered by their team of highly trained hair stylists, colour technicians and beauty therapists. The salon also offers the use of sunbeds; therefore, many clients will use the salon for multiple services. The salon is in an excellent condition after being refurbished to a high standard in 2019. THE PREMISES:  This business operates from a single fronted premise on a busy parade of shops in Hove.  The spacious reception and waiting area are located at the main entrance. There are 5 stations all with individual mirrors and styling chairs. The hair washing area is to the rear of the premises and consists of 2 back wash chairs. Towards the rear of the hair salon space is a kitchenette and nail bar table and access to the first lay down sun bed. There are a further 2 sunbeds which are accessed via a corridor. All sunbeds are regularly maintained and serviced. There are two treatment rooms within the main building, both of which have couches and sinks available. The third treatment room is accessed via the backdoor or via an alley to the side of the premises, which is ideal for out of hours treatments.We understand from the vendors that all fixtures, fittings and equipment are owned outright. Clients are also able to find easy on street parking outside of the salon or in the nearby residential roads. TURNOVER:  The business is run under the personal supervision of the vendor with a nucleus of staff – there is 1 part time hairdresser and 1 part time receptionist. In addition to this there are 3 self-employed beautician who pay a room rental and 2 self-employed hair dressers who pay chair rental. The salon trades 9:30am to 6:30pm Monday-Saturday.  The chair and room rental provide an income of £2,000 per month. The employed hairdresser and sunbed rental equate to a further £5,000 per month and there would be significant scope to increase this. TENURE:  The entire premises are held on a full repairing and insuring lease at a current rental of £12,000 per annum exclusive, with 7 years left. There is a tenant only break clause in year 5 and rent review. RATES: The current rates payable at present are zero as the business has the benefit of small business rate relief.  Prospective occupiers should make their own enquiries to verify same. GENERAL REMARKS: The concern is extremely well presented, it has been fitted and equipped to a very high standard.  The business has the benefit of secure a lease.  Established client base. Multiple revenue streams. PRICE:  We are instructed to quote for the lease, goodwill, trade fixtures and fittings £68,000 SAV  LEGAL FEES:  Each party to be responsible for their own legal costs. VIEWING:  On no account should any approach be made to the Manager or the staff without a prior appointment through the vendor’s agents, Watkins Commercial, Telephone: 01273 709090.   ENERGY PERFORMANCE CERTIFICATE: The premises has been rated a Band C, the full report is available on request. DISCLAIMER: Neither the Vendor nor the Agent gives or implies any warranty that