Thriving Ladies Hair Salon in South Birmingham with Rental Income Flat
Acocks Green, West Midlands
- Status
FOR SALE
- Date Submitted:
18/05/23
- Advert ID
513437
- Reference
11250 / Rightbiz
- Call Agent:
- Leasehold: £45,000 (Stock at valuation)
- Rent: £12,000
- Turnover: £130,000 (£2,500 Per week)
- Net Profit: On request
Key Features
- Fully Fitted
- Established Business
Business Details
Well Established Ladies Hair salon South Birmingham
Established Ladies Hair Salon operating for over 40 years located on a busy main road with many other shops and with parking to the front of the parade. Takings average £2,500 per week from 5 day week (closed Tuesdays & Sundays) operated by 1 full time and 4 part time staff. The premise comprises ground floor sales area with 6 styling positions rear kitchen WC and outside to the rear yard with car parking space. To the first floor there is a self contained separate entrance gas centrally heated flat with bedroom kitchen bathroom and lounge presently sub let with an income of £600 per month which is inclusive of utility bills. The whole property is secured on a 10 year lease from 2018 with a rent of £12,000 per annum. The lady owner is not a hairdresser and just manages the business which is being sold for health reasons.
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Listing Statistics
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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. Reset 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.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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