ESTABLISHED HAIR SALON WITH 2 BED SELF CONTAINED FLAT LOCATED IN PATCHAM, EAST SUSSEX

This popular hair salon has been established since the 60’s and has been in the vendors hands since 2008.  During this time the salon has developed an excellent reputation with a regular clientele and have received excellent reviews on Google Reviews (5*) and My Local salon (5*). The current owner offers a comprehensive list of services, which includes hair design and colouring, there would be additional scope to also add a nail bar which would provide an additional income stream.  The Salon benefits from easy access to convenient on street parking for clients and is located on a vibrant and busy parade of shops, which services a large residential community in the surrounding area. This Salon is a fantastic opportunity to acquire a business, which offers considerable scope for hairdressers looking to open their own business with the option of living above the concern. The salon is now only coming to the market as the vendor’s wish to retire.

THE PREMISES:  This salon is well appointed and spacious and has four hair stations and 2 back washbasins. Furthermore, there is a kitchenette/utility room to the rear of the premises, which leads out to the rear of the building and into the shared yard space. We understand from the vendors that all fixtures, fittings and equipment are owned and will be included in the sale.  There is also a toilet available on the ground floor towards the rear of the premises. The salon benefits from easy on street parking. An annual gas safety certificate and boiler service is available.

LIVING ACCOMMODATION:  The maisonette above the salon is completely self-contained and accessed via a door to the front of the premises. It comprises of two double bedrooms, lounge, with a kitchen diner and family bathroom. The flat is currently let at £1,130 per month, (£13,560 per annum).

TURNOVER: We are informed that the business currently averages £1,150 per week and is run by the vendors and 1 other stylist who rents a chair. The salon currently trades from 9am to 5pm Wednesday-Saturday and on Tuesday by appointment. The salon has a loyal customer base which is made up of many local residents, but also from people travelling from nearby villages and Brighton. There would be significant scope to increase trading hours.

TENURE:  The entire premises are held on a full repairing and insuring lease, which has approximately 5 years unexpired at a current rental of £12,750 per annum. The next rent review is due to take place in 2026.

RATES: We have been verbally informed that the business receives the benefit of the Small Business Rate Relief and the amount payable at the present time is zero.  The rateable value for the property is £5,600 per annum. Prospective occupiers should make their own enquiries to verify same.

GENERAL REMARKS:  Well established business and large client base. The business has the benefit of a self-contained two bedroom flat. Secure Lease. The salon comes to the market in very condition. Low overheads. Easy on street parking available for clients.

PRICE:  We are instructed to quote for the leases, goodwill, trade fixtures and fitting. Price reduction £30,000 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:  Our clients are in the process of commissioning an EPC.

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:        6758M

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