HAIR SALON CENTRAL HOVE LOCATION

This successful and established hair salon comes to the market in excellent condition and has been in current vendors hands for 7 years. During this time, they have created an excellent reputation with outstanding reviews of 4.9 on Google Reviews. They currently have an active client base of 1,200 customers who will regularly book with them, ensuring the salon is often running to capacity. When they have availability, they will also accept walk-in requests. The salon is now only coming to the market as the vendor is relocating. 

THE PREMISES:  The business is a double fronted premise and is located on a busy high street position, which benefits from a high footfall throughout the year. The premise comes to the market in excellent condition and has 6 styling stations, 2 back washes, a colour bar and an area for consultations with clients. Towards the rear of the premise is a staff kitchenette and toilets.   Parking can be located on the street or in a nearby car park. We have been informed that the present vendor owns all the fixtures and fittings and will be included in the sale.

TURNOVER: The business currently trades Monday-Saturday 10am-6pm, then on Thursday these hours are extended to 10am-8pm. The vendor currently works 1 week in every 6 weeks in the business and is currently fully managed. The staff consists of 1 full time manager, 1 full assistant manager who is also a stylist, a full-time receptionist, 1 part time stylist and 2 full time stylists. The business currently averages £6,700 per week and full trading account are available upon request.

TENURE:  The premises are held on a full repairing and insuring lease at a rental of £20,000 per annum and there are currently 4 years unexpired.

RATES:  We have been verbally informed that the business rates are currently £172 per month. The rateable value of the property is £16,500 per annum. Prospective occupiers should make their own enquiries to verify same.

GENERAL REMARKS: The vendor’s sole agents personally inspected this business.  Points to Consider:  Busy high street location which benefits from a high footfall throughout the year. Excellent reputation and repeat customer base. Fitted to a high standard. Fully managed salon.

PRICE:  We are instructed to quote for the lease, goodwill, equipment, trade fixtures and fittings £125,000 SAV

 LEGAL FEES:  Each party to be responsible for their own legal costs. The purchaser to pay for the landlord’s 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 was rated a band B and the full report is available upon request.

DISCLAIMER: Neither the Vendor nor the Agent gives or implies any warranty that the premises are fit for any particular use or that they comply with any relevant regulation or statutory requirement.

The agents have not tested any apparatus, equipment, fittings or services so cannot verify that they are in working order.  The buyer is advised to obtain verification from their solicitor or surveyor before proceeding with the purchase.

VAT: All prices and rents are quoted exclusive of VAT.  Any intending purchasers or lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction.

MORTGAGE  & FINANCIAL PLANNING:  We shall be pleased to assist any purchaser in arranging finance to acquire this business or any other business you may be considering subject to status. 

Prop. Ref:        6747M

These particulars are believed to be correct but their accuracy is not guaranteed and

they do not form any part of any contract

APPLICANTS CONFIDENTIALITY AGREEMENT

I understand and agree that any information regarding any business supplied to by Watkins Commercial will be kept strictly confidential.  I also undertake that I will:

i)                View businesses registered with Watkins Commercial by appointment only.

ii)               Not contact any owner, staff, suppliers, competitors or customers of any business registered with Watkins Commercial

iii)              Not pass on any information supplied by Watkins Commercial to any third party other than a professional advisor et. Bank, solicitor, surveyor accountant, etc.

iv)              Submit any offers direct to Watkins Commercial with whom I will conduct all negotiations

v)               Be liable for any commission which would have been due to Watkins Commercial should I be party to negotiations or actions which seek to preclude, or are contrary to the interest of Watkins Commercial.