Long Established Unisex Hair Salon
Witney, Oxfordshire
Advert ref: XC9088SJG
This is an excellent opportunity to acquire a long-established and easily managed unisex hair salon, offered for sale pending the proprietor’s desire to retire after 24 years ownership having acquired the salon through our Agency in 1999.
The business trades a very congenial 36 hour week from Tuesday to Saturday (half day closing), with income generation approximately 90/10 in favour of ladies/gents hairdressing.
The salon is located on the outskirts of Witney in a neighbourhood shopping parade providing easy access for clients in the town and surrounding villages and rural communities. To the front of the parade is ample convenient parking for clients.
Witney is a thriving and historic town (population 31,217 – 2021 census) which lies 12 miles west of Oxford off of the A40 trunk road.
The spacious ground floor premises extend to approximately 850 ft.² and include a 614 ft.² salon with 6 styling positions and 2 front wash basins and 1 back wash basin, beyond which is a kitchen, utility room, store room and toilet.
A new 10-year lease is available to the purchaser of the business at a very reasonable commencing rental of £7,500 per annum fixed for the first 5 years of the term.
This is an established and easily managed salon providing great potential for expansion in the hands of an enthusiastic new owner and would particularly suit a qualified stylist looking to acquire their first salon operating from accessible low-cost premises. An internal inspection is invited with all viewings strictly by prior appointment only through Business Partnership. Ref: XC9088SJG
The business trades a very congenial 36 hour week from Tuesday to Saturday (half day closing), with income generation approximately 90/10 in favour of ladies/gents hairdressing.
The salon is located on the outskirts of Witney in a neighbourhood shopping parade providing easy access for clients in the town and surrounding villages and rural communities. To the front of the parade is ample convenient parking for clients.
Witney is a thriving and historic town (population 31,217 – 2021 census) which lies 12 miles west of Oxford off of the A40 trunk road.
The spacious ground floor premises extend to approximately 850 ft.² and include a 614 ft.² salon with 6 styling positions and 2 front wash basins and 1 back wash basin, beyond which is a kitchen, utility room, store room and toilet.
A new 10-year lease is available to the purchaser of the business at a very reasonable commencing rental of £7,500 per annum fixed for the first 5 years of the term.
This is an established and easily managed salon providing great potential for expansion in the hands of an enthusiastic new owner and would particularly suit a qualified stylist looking to acquire their first salon operating from accessible low-cost premises. An internal inspection is invited with all viewings strictly by prior appointment only through Business Partnership. Ref: XC9088SJG
Key features:
- Retirement sale after 24 years of ownership by vendor
- Trading a congenial 36 hour, 4½ day week – great potential for expansion
- Easily managed by vendor with no staff
- Ideal first salon purchase opportunity
- Located in busy neighbourhood parade on outskirts of town providing easy access and convenient parking for clients
- 614 ft.² salon with 6 styling positions and 3 wash basins plus kitchen, store room, utility room and toilet
- New lease available at sensible rental of £7,500 per annum
- Internal inspection invited, strictly by prior appointment only through Business Partnership
Property Details: Leasehold
Asking Price: £12,000 + SAV (Leasehold)
Location:
Situated in neighbourhood parade on outskirts of Witney, Oxfordshire.
Lease Terms:
A new 10-year lease will be granted on the premises to the purchaser of the business at a commencing rental of £7,500 per annum, exclusive of rates, subject to a mid-term rent review. Rent will be payable quarterly in advance.
The landlord will require payment of a rent deposit equivalent to 3 months annual rental (£1,875) to be held for the duration of the lease. Purchasers should take this into consideration when preparing financial forecasts and budgets.
The landlord will require payment of a rent deposit equivalent to 3 months annual rental (£1,875) to be held for the duration of the lease. Purchasers should take this into consideration when preparing financial forecasts and budgets.
Reason For Selling:
Retirement sale after 24 years of ownership by vendor.
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Financial Details
- Leasehold: £12,000 + SAV
- Turnover: undisclosed