Established Hair Salon in Whitley Bay, Tyne and Wear Available for Sale
Whitley Bay, Tyne and Wear
- Status
FOR SALE
- Advert ID
630822
- Leasehold: £20,000
- Rent: £4,581 (£382 per month)
- Turnover: £31,200 (£600 per week)
- Profit: On request
Key Features
- Established Business
- Retirement Sale
Business Details
Established Hair Salon for sale in Tyne and Wear
Well-established hair salon located in the heart of Whitley Bay, Tyne and Wear. This salon boasts an ideal location with ample free parking, making it accessible for clients and a prime spot for business growth. Whether you're looking to expand your existing enterprise or ready to embark on a new business venture, this salon provides an exceptional foundation.
The spacious salon, which is fully equipped with high-quality fixtures and fittings, is under a secured lease until April 2026. Notably, the salon has been established for over 40 years, with the current owner having contributed 24 years to its success, and holding ownership for the last 16 years. This longevity underscores the salon's reputation and customer loyalty.
As a prospective buyer, you will be pleased to know that all fixtures and fittings, as showcased in the provided images, are included in the sale price of £20,000. The salon generates a current turnover of £31,200, with an annual rent of £4,581, ensuring a steady income stream. The owner is seeking to retire, making this an opportune time to purchase and capitalize on the salon’s established clientele and profitable operations.
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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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