Leasehold hair and beauty salon in Bexley London with self-contained flat for rental income
Bexley, London
- Status
FOR SALE
- Advert ID
652326
- Reference
N1007 / Rightbiz
- Call Agent:
- Leasehold: £125,000
- Turnover: Not Applicable
- Profit: Not Applicable
Business Details
LEASEHOLD HAIR & BEAUTY SALON SELF CONTAINED 2 BED FLAT ABOVE COVERS MOST OF RENT
ADVERT TEXTLEASEHOLD
HAIR & BEAUTY SALON
SELF CONTAINED 2 BED FLAT ABOVE COVERS MOST OF RENT
LOCATION
Prominently situated fronting a busy street and being adjacent to a mainline rail station in this prosperous Kent Town drawing trade from over a wide affluent catchment area.
BUSINESS
The business is well established, has been in the present hands for some 3.5 years and is only being marketed due to the vendors other business interests. Mostly staff operated, tremendous potential exists for an owner operator to market and further develop with the introduction of more beauty treatments and longer opening hours.
TURNOVER
The business declares takings of £90,000 P.A.
STAFF
2 full time and 1 part time beauticians and 2 hairdressers who are employed.
1 hairdresser is renting a chair plus rear room rented out at £600 pcm. WAGES - £5,000 PCM
HOURS
10.00am to 6.00pm - Mon
10.00am to 9.00pm - Weds & Thurs
9.00am to 8.00pm - Fri
9.00am to 3.00pm - Sat
Closed Tues & Sun
PREMISES
Imposing premises with single entrance to: Salon Area: Tastefully decorated and fitted out to a high end specification. Reception counter. 3 cutting positions, 2 backwash basins, 2 nail stations, 2 pedicure chairs. Sunbed Room with top of the line Ergoline sunbed. Treatment Room 1: with couch, accessory trolley. Fitted cupboards with sink. Customer W.C: with w/basin. Kitchenette: st/stl sink.
OUTSIDE – charming Courtyard to rear with Decking area: Beauty Room 2: Couch, towel warmer. Beauty Room 3 with treatment couch. Garage/store Area: Service road to rear.
LIVING ACCOMMODATION
Comprising a self contained 2 bedroom flat benefitting from replacement UPVC double glazing and gas fired central heating. The flat is let on an assured shorthold tenancy producing £1,350 PCM
TENURE
10 year lease from 4th November 2022. RENT - £17,500 P.A. (5 year reviews) Rent to be paid quarterly in advance.
The flat produces a rental income of £16,200 per annum. which nearly covers the cost of the whole premises.
EPC RATING
Band D
BUSINESS RATES
Nil currently payable
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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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