Business Summary

• FANTASTIC INCOME
• RENT £16,000 PA
• IMMACULATE PREMISES
• PRIME LOCATION
• MUST BE VIEWED
• FORCED SALE
• OFFERS CONSIDERED
• LUXURY SALON
• 6 CUTTING STATIONS
• ESSEX / LONDON BORDER
• NAIL BAR
• AFFLUENT LOCATION
• SEE T/O BREAKDOWN BELOW
• UNBELIEVABLE PRICE

Description & Location:
Paviour Property Services are favoured with instructions, as the Vendor’s SOLE AGENT, to offer for sale this luxury hair and beauty salon, situated in the most sought after area of Buckhurst Hill on the Essex/London border and surrounded by Epping Forest. Buckhurst Hill, for many years, has been one of the most sought after areas in Essex and all types of businesses and, indeed, property, are at a premium. This particular business is situated in ‘the real’ Buckhurst Hill and is surrounded by a gathering of trendy designer wear shops, cocktail bars and coffee shops as these areas tend to attract.

The Premises:
As previously mentioned this business is situated in the most sought after road in Buckhurst Hill and is entered via a fully glazed door with plate glass windows to either side ideal for advertising purposes. The front of the premises is used for hairdressing and has two back basins and six styling chairs. This room is immaculately decorated with tiled floor and suspended illuminated ceiling. Access to middle room which is fully equipped for nail work with nail stations and, again, immaculately decorated with tiled flooring and suspended illuminated ceiling. To the rear of the premises is a further room which is used purely for makeup purposes. Access from the makeup room to a small private kitchen area with access to rear yard ideal for deliveries etc.

Tenure:
The premises are held on a leasehold basis with four years to run on the current lease at a rental of £16,000 per annum. However, we are informed by the Vendor the Landlord is prepared to grant a new lease to any prospective purchaser to start immediately.

Turnover:
We are informed by our Vendor the current turnover is some £2,500 per week. However, we feel, in view of the situation of this business WITH THE OWNER NOT WORKING IN THE SALON, any incoming owner/occupier could considerably increase turnover.

£1700 per week shop turnover – Generated by 2 x stylists on £7.00 per hour
£800 per month income - one stylist chair rent
£300 per SATURDAY income – 2 x makeup artists rental
£800 per month income - nail technician rental

Business Rates:
TBC

Staff:
The business is currently run by two full stylists – The owner does not work at the premises

Trading Hours:
The business currently trades between the hours of 9.30 am until 6 pm Monday to Friday and between 9.30 am until 7 pm on Saturday, closed all day Sunday.

Legal Costs:
Each Party cover their own legal cost.

Price:
We are instructed by our Vendor to offer this business for sale, in this most highly sought after location, at the realistic price of £44,995 to include the remainder of the lease, goodwill and fixtures and fittings. Stock to be purchased at valuation.

Terms:
Each party, Vendor and Purchaser are responsible for their own legal fees.

Property Details