Hair salon for sale in York: Westgate Hair Lounge with rental room opportunities available
York, North Yorkshire
- Status
FOR SALE
- Advert ID
649608
- Reference
B09578 / Rightbiz
- Call Agent:
- Leasehold: £84,995
- Turnover: £101,175 (£1,946 per week)
- Profit: £42,329 (42% Profit margin)
Business Details
Styled for Success – Established York Hair Salon
BusinessPlease quote reference B09578
CoGoGo is delighted to bring to the market Westgate Hair Lounge, an established and stylish hair salon located in the heart of York.
The business has been owned since August 2016 and has built a strong local reputation for creative hair services, professional styling and a warm, customer-focused salon experience.
A key benefit is the additional rental income from an upstairs tattoo room, which covers the full annual rent plus approximately £3,500. A further room is already set up as a beauty room, offering clear scope for extra income.
Early viewing is highly recommended.
Location
Westgate Hair Lounge is positioned on Fossgate in York city centre, benefiting from strong local footfall, nearby businesses and the city’s wider visitor appeal.
Premises
The premises comprise a stylish salon with treatment/rental rooms upstairs, including one occupied by a tattooist and a further room set up for beauty use.
Tenure
Leasehold. We are advised that there is a 6-year lease with a break option every 3 years.
The advised annual rent is £17,500, and business rates are £3,177.40.
Hours
The current operating hours are:
Monday - Closed
Tuesday & Wednesday - 10:00 am to 6:00 pm
Thursday - 11:00 am to 8:00 pm
Friday - 10:00 am to 6:00 pm
Saturday - 9:00 am to 4:00 pm
Sunday - Closed
Staff
The business operates with 4 staff.
Financial Profile
We are advised that the business generates a turnover of £101,175 with a net profit of £42,329.
Contact Agent
Listing Statistics
Advert Statistics Graph
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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.
Be safe, use a Rightbiz Solicitor
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