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Popular Well Established Hair Salon in Ideal Location

Confidential Sale

East Sussex

Advert ref: 1039SPT

Business Partnership is pleased to have been appointed as sole selling agent to seek a purchaser for this very well positioned business, which has only been made available for sale due to a genuine wish to retire.

The salon was first opened by our client back in 1975, to say it is a well-established could be a bit of an understatement!

Located centrally in an extremely vibrant high street the business has been very successful for the current owner, being surrounded by major high street retailers, restaurants, and popular shops with little or no competition makes this acquisition ideal for anyone who wishes to own their own salon or as an expansion into a new town.

The salon currently has 3 stylists including the owner but has room for 6 chairs so the potential to expand is quite literally huge, in addition to the hair stylist chairs there are two additional rooms within the salon that can be used for other treatments and thus further expansion.

The salon has a firm client base with an age range between 16 and 80, many of whom have regular weekly or monthly appointments.

We strongly recommend that any seriously interested party make contact with us as soon as possible, by hitting the 'Enquire about this business' button and completing the necessary Non-disclosure agreement.

Key features:

Property Details: Leasehold
Asking Price: £75,000 (Leasehold)
Turnover: £130,000 Annual
Lease Terms:

The current lease runs from 2013-2025 with a rental payable of £1400 per month, it is our understanding the landlord is happy to grant a new lease to any new owner coming in.

Reason For Selling:
Retirement

Employees: 2 (self employed)
Trading hours:
Tues-Friday 10AM-6PM

Saturday      9AM-5PM

Rates:
It is our understanding that the business falls within the small business rate relief threshold so at present none are payable.

Costs:
Each party will be responsible for their own costs associated with the transaction, and will be subject to Business Partnership terms and conditions.

Fixtures and fittings:
The business is very well equipped and fitted out to carry out its day-to-day trade with a full inventory of equipment to be supplied to seriously interested parties at the appropriate time. 

Popular Well Established Hair Salon in Ideal Location East Sussex

Financial Details

  • Leasehold: £75,000
  • Turnover: £130,000 Annual
  • Net profit: undisclosed
  • Fixtures value: undisclosed
  • Stock value: undisclosed
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