Established Award Winning Hair & Beauty Salon For Sale In Solihull

Established Award Winning Hair & Beauty Salon For Sale In Solihull
Ref 2777

Location
This exceptional Hair & Beauty Salon is located in Shirley, Solihull.

Asking Price: £34,950 plus SAV (£3,000)

Business Description
Veritas Business Sales are delighted to offer for sale this respected Hair & Beauty Salon which is located in Shirley, Solihull. The business has been established for over 50 years and has been in the careful hand of my clients for the last 21 years and is reluctantly being offered for sale so that they can enjoy a well deserved retirement.
Since ownership they have rewired, refurbished and continually invested in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The business is overseen by the owner and requires the help of 4 part time members of staff . For year ending 30th November 2023 they pasted an annual turnover of £85,840 with a GP of £78,289 (91.2%). The ground floor hair salon offers cutting, styling, perms, colours and is a Gold Award winning salon for Great Lengths Hair Extensions. The first floor offers beauty & holistic treatments to include, nail treatments and manicures. We believe that there is further potential to increase trade and would benefit from new owner operators . The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended.

Opening Hours
More detail on application

Leasehold
Lease term: 5 years
Remaining: 2 ½ years
Rent: £12,750
Rates: Zero

Ground Floor
Hair salon comprising: sales counter, retails sales and display shelves, 8 x mirrored cutting stations, 2 x backwash, wall mounted dryer, portable dryer, and towel storage racks.
Hallway with cloak area.
Kitchen/staff room/stockroom with dispensary area, sink drainer, wall & base units, tea and coffee area, washing machine (Electra), tumble dryer (Hotpoint), fridge (Bush), seating area, towel storage unit and rear exit door.
First floor
Beauty treatment room.
Beauty treatment room.
Treatment room.
W/C with wash basin, vanity unit and wall unit.

The three treatment rooms on the first floor are sub-let for £500 PCM.
The property benefits from gas fired central heating.

External
Rear yard. Side and rear parking for (6).