FOR SALE
623158
6840M / Rightbiz
This thriving salon, a staple in the community for 27 successful years, has built an outstanding reputation for excellence. Now available due to the vendor’s planned retirement, this is a rare opportunity for a motivated buyer to take over a well-established business with loyal clientele and significant growth potential. The salon benefits from exceptionally low overheads, making it an ideal choice for a hairdresser ready to step into ownership or expand their current operations. With ample space to introduce a nail bar, there’s a clear opportunity to diversify services and create an additional revenue stream. Located in a prime position within a densely populated neighbourhood, the salon enjoys high visibility and foot traffic, thanks to its proximity to the popular Miller & Carter restaurant and hotel. Its strategic location also attracts clients from surrounding towns and villages outside Brighton, as well as regular visitors from the immediate area.
THE PREMISES: Situated in the vibrant heart of Patcham Village, this impeccably maintained salon occupies a standout position next to the popular Miller & Carter restaurant and hotel, ensuring exceptional visibility and consistent foot traffic. The salon is in excellent condition, fully equipped with three hairdressing stations and a backwash chair, each complete with mirrors, shelves, and chairs. A separate utility area includes a washing machine and boiler, while a well-kept toilet enhances the facility’s convenience. All fixtures and fittings are included in the sale price, allowing for a seamless transition for the new owner.
Measuring 7.57m by 2.43m, the salon comfortably accommodates two stylists working simultaneously, with the exciting potential to introduce a nail bar in the spacious front window area. Clients benefit from free parking thanks to a special arrangement with Miller & Carter, making the location even more attractive and accessible. The salon is fully equipped with water, electricity, and broadband, ensuring a smooth operation from day one.
TURNOVER: The business is currently run under management and trades Monday, Wednesday, Thursday and Saturday 9am-12pm and 9am-5pm on Tuesday and Friday. At present there is one salaried stylist who plans to retire and one stylist who rents a chair for £6,000 per annum. There would be significant scope to increase trading hours and to also introduce a nail bar.
TENURE: The entire premises will be held on a new 12-year FRI lease at a commencing rental of £14,000 per annum. With upward only rent reviews every 4 years.
RATES: We have been verbally informed that the business benefits from the Small Business Rate Relief. The rateable value for the property is £4,050 per annum. Prospective occupiers should make their own enquiries to verify same.
GENERAL REMARKS: This business was personally inspected by the vendor’s sole agents who can confirm that the entire premises are fitted and equipped to a high standard. Other Points to Consider: Security of leasehold tenure. Loyal client base with an excellent reputation and located in an ideal premises benefiting from easy parking and low overheads. Early Inspections Advised.
PRICE: We are instructed to quote for the lease, goodwill, equipment, trade fixtures and fittings £17,500 SAV Price reduction.
LEGAL FEES: Each party to be responsible for their own legal costs.
VIEWING: On no account should any approach be made to the staff without a prior appointment through the vendor’s sole agents, Watkins Commercial, Telephone: 01273 709090.
ENERGY PERFORMANCE CERTIFICATE: Our client is in the process of obtaining 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: 6840M
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
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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.
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.'.
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.
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
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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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