HAIR & BEAUTY SALON on MIXED USE PARADE
The business is located on a main road on the outskirts of the city centre in a highly built-up residential area, close to schools and surrounded by a mix of independent retailers.
We are advised a new lease will be made available with the term to be agreed, with an expected rental of £7,260 per annum exclusive.
A compact single-storey commercial premises adjoining a residential dwelling, the premises benefits from road-facing glazed display windows with canopy over and a side main entrance door also with canopy over. Additionally the premises has a small forecourt, decorative planters, large advertising signage board, freestanding sign and a full-width display fascia.
Open-plan and rectangular in shape, measuring 32.07 x 9.06 = approximately 311.74 sq. ft. currently arranged with a small reception area, 3 - 4 cutting stations with wall-mounted mirrors, 2 back-wash stations and a large retail display cabinet within the main salon area. At the rear of the salon, on the left-hand side, is a door leading to CUSTOMER/STAFF TOILETS. The business premises has wood-style laminate flooring throughout, air con and heating systems, LED strip lighting, fully equipped with no less than 5 trolleys, 2 hood dryers, washing machine, tumble dryer, under-counter fridge and sink unit.
Towards the rear is a customer waiting area with bench-style seating and an open-plan STAFF/KITCHEN AREA with tea and coffee making facilities.
At the back of the salon, on the right-hand side is a BEAUTY ROOM fully equipped with a beauty chair, electric beauty couch, hand-wash basin, splashback tiles, nail station, shelving and retail display stands.
Staff & Trading Hours
The vendor works full time assisted by one full-time member of staff and two self-employed members of staff. The business currently trades 9.30 am until 2 pm Monday to Thursday, 9.30 am until 5 pm on Friday and 9.30 am until 4 pm on Saturday. We are advised the trading hours are unrestricted and can be extended.
Turnover is in excess of £1,000 per week working to high gross profit margins of approximately 90%. Full financial information will be disclosed at our client's discretion, on or after a meeting.
The premises is subject to a rateable value of £2,700 resulting in zero business rates payable.
Each party are to be responsible for their own legal costs incurred in the transaction, with the landlord's reasonable legal costs to be split 50/50.
Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission.