Attractive, long-established Hair Salon in St Albans

£135,000 plus SAV  

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Property Details

Successful centrally located salon, in attractive premises. The business has been built up over the past 8 years by the current owner. Now delivering sales of between £3500 – £4500 per week.

Trading from a high street location the operation has 5 staff, focussing on current, modern ladies styling and colouring. Average spend ca £85 per client. With the business fully recovered from COVID and trading strongly, it is currently utilising 3 of 4 chairs. The owner works in the salon 3 days a week and is supported by an assistant manager, FT stylist and Saturday assistant. There is one further employee currently on Maternity leave.

The Business currently pays no rates, Rent is £18,500 pa and there are 5 years left on the lease. A 2-bedroom flat split over 2 floors is part of the lease and is currently let out at £1080 per month with sitting tenants.

The salon comprises, main salon area (4 workstations), Backwash area (2 basins), Hallway, customer toilets with a staff kitchen area leading to outside decked area that staff use for relaxing between shifts, the garden is fenced in.

With current trading at ca £4000 per week (£200K pa) the business returns ca £85K NP for the owner.

With the salon back to full operation and following a recent change in circumstance the owner wishes to focus on other projects, hence the sale.

The business is offered with all fixtures and fittings ready to trade (full list available on viewing). Offers are invited for the company to include all assets and goodwill on a cash free debt free basis. (leasehold)

A full profile is available once a confidentiality & non-disclosure agreement has been signed. All arrangements to view are strictly by an appointment through the offices of City Business Brokers and no approaches whatsoever should be made to the owner or the business.

Enquiries to: David Howard City Business Brokers Northampton O: 01604 385040, M: 07794729634, davidh@citybusinessbrokers.co.uk

All above information is provided by the seller. City Business Brokers makes no representation or warranty as to the accuracy of this information.

Please Note Library Image Used

Tenure: Leasehold

Leasehold Term: 5 years remain on current lease

Note: Library images may have been used for display purposes

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