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Kings Heath Leasehold Hair & Beauty Salon - Birmingham West Midlands, Growth Potential

Birmingham, West Midlands
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Leasehold Hair & Beauty Salon Located In Kings HeathLeasehold Hair & Beauty Salon Located In Kings HeathLeasehold Hair & Beauty Salon Located In Kings HeathLeasehold Hair & Beauty Salon Located In Kings HeathLeasehold Hair & Beauty Salon Located In Kings Heath
  • Status

    FOR SALE

  • Date Submitted:

    08/06/23

  • Advert ID

    514591

  • Reference

    2882 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £17,500
  • Turnover: Not Applicable
  • Net Profit: Not Applicable

Business Details

Leasehold Hair & Beauty Salon Located In Kings Heath

Leasehold Hair & Beauty Salon Located In Kings Heath
Ladies Only Salon
Ref 2882

Location
Veritas Business Sales are delighted to offer for sale this respected Hair & Beauty Salon which is located in Kings Heath, Birmingham. Situated within a prominent and highly visible trading position on the very busy Vicarage Road. The immediate area offers plenty of other retail shops and an abundance of residential properties. All of which bring high levels of footfall to the area.

Leasehold Asking Price: £17,500 plus SAV (£1,100)

Business Description
Veritas Business sales offer to the market this delightful Hair & Beauty Salon which is located in Kings Heath. The business has been established 6 years ago and is only being offered for sale due to other commitments.
Since ownership there has been huge investment in the premises to include total refurbishment, redecoration and the installation of new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for a new owner as additional funds will not need to be spent for some time. Liberty Salon is owner operated and comes with no staffing liabilities. The annual turnover is circa £40,000 and services include hairdressing to include cuts, colouring and hair extensions. Beauty includes nail extensions, manicures, pedicures, waxing, threading, eyebrow & lash treatments, facials, spray tanning, ear piercing and massaging.
We believe that there is further potential to increase revenue should you wish, by opening on Mondays and extending the opening times and maybe adding men’s hairdressing. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. 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.

Opening Hours
Monday – closed
Tuesday – Saturday – 10:00am – 5:00pm
Sunday – closed

Leasehold
New lease available
Term: 5 years
Rent: £6,600 pa
Business rates: zero

Ground Floor
Entrance door leading to hair salon comprising: customer seating for (4), nail station with UV lamp and light, glass retail display cabinet, 3 x mirrored cutting stations, sales counter with CCTV monitor, wall mounted hair dryer, backwash with electric water heater (Redring), electric metre cupboard, towel display unit, magazine storage table, wall mounted fan, and ceiling spot lights.
Beauty room with electric treatment table, electronic facial machine (Smart line 2), 2 pot wax machine (Sienna), steam wax pod, magnifying mirror, wall mounted fan and wash basin.
Kitchen with microwave, hot towel caddy, undercounter fridge (Russell Hobbs), sink, worktop washing machine/tumble dryer (Hoover), lockers, dispensary cabinet and rear exit door.
The salon benefits from 3 portable electric heaters, a CCTV (3 camera) system, UPVC double glazing and electric roller shutters to the frontage.

External
Rear yard with shared access. W/C with wash basin, hot water heater (Redring) and wall mounted mirrored cabinet. Rear access road with rear vendors parking for (2). Frontage with off road parking for (2).

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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.

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