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Established Hair & Beauty Salon Near East Street Market in Walworth, London for Sale

Walworth, London

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    08/07/24

  • Advert ID

    613958

  • Leasehold: £50,000
  • Rent: £26,000
  • Turnover: £104,000 (£2,000 Per week)
  • Net Profit: Not Applicable

Key Features

  • Currently Closed
  • Established Business
  • Small Business
  • Large Business for Sale

Business Details

Hair and beauty salon in Walworth Road close to East Street Market

We are informed that this business, a hair and beauty salon located in Walworth Road close to East Street Market, is being offered on a leasehold basis. With 5 years remaining on its 15-year lease, the business is worth considering for prospective buyers. The lease, which is renewable, is being offered for sale for £50,000.

This salon has established itself as a popular destination for hairdressing enthusiasts. It enjoys a strategic location in the town center of Walworth, London. With a current turnover of £104,000, the business has demonstrated its earnings potential.

Potential buyers should note that the asking price is negotiable. Furthermore, all stocks are included in the price, allowing for a smooth transition for the new owner. While the business is currently closed, it was previously operating as a small to large-scale enterprise. In short, it presents a fantastic opportunity for those seeking an established business for sale.

In summary, this established hairdresser's salon in Walworth, London is being offered for sale with a leasehold. The leasehold price is £50,000 for a 15-year lease, 5 years of which are remaining. It offers excellent potential for lucrative income, with its current turnover of £104,000. The sale price is negotiable and the lease is renewable, making this a valuable opportunity for potential buyers.

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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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