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Tanning And Beauty Salon In Fareham For Sale

Fareham, Hampshire
Asking Price:
£120,000 Furniture / Fixtures included
Sales Revenue:
£129,361
Cash Flow:
£60,000

TANNING & BEAUTY SALON, AMIDST RESIDENTIAL SHOPPING PRECINCT, NR FAREHAM, HANTS. Profitable, staff-run business with approx. 3,000 registered members. Offering a range of sunbed courses, as well as spray tanning, nails & beauty. Reception with PC & nail bar. 4 tanning rooms (2 with extraction) & beauty treatment room. Open 6 days. Management Accts record gross T/O of £129,361 for y/e Sept 2018. Adjusted Net Profit £60,000+. 7 yr lease from May 2017 at current rental of £6,500 p.a.x. – new lease avail. - £120,000 + S.A.V. (Ref. M.3770)

Property information

Property:

Leasehold

Lease Terms:

The premises are held on a lease for a term of 7 years, which commenced on 3 May 2017. The current rental amounts to £6,500 per annum, increasing annually by £250.00 until 3 May 2021 when the rent is fixed at £7,250 for the remaining 3 years of the term. NB We understand that a new lease can be made available if required – not verified.

Leasehold Rent:

£6,500 per annum

Location:

Situated amidst a residential shopping precinct, serving the surrounding, thickly populated area with the benefit of ample car parking.

Premises Details:

• Double fronted Salon with central glazed entrance door
• Initial reception area with desk, PC, electronic cash register, display cabinet and 5 chairs for waiting customers
• Inner hall with nail bar
• 2 tanning rooms with Ergoline top and bottom UV sunbeds with extraction system fitted
• A tanning room with Collagen walk-in sun booth (red light therapy)
• Further tanning room with a non-ducted Ergoline top and bottom sunbed
• There is also a beauty treatment room with couch, sink unit and a tiled spray tan booth
• To the rear of the premises there is a toilet and an external door

Energy Performance Rating:
C

Business Operation

Expansion Potential:

Scope for a working owner especially to develop the beauty treatment side of the salon, which could also be open on Sunday.

Reasons for selling:

Other business interests.

Trading hours:

The Salon opens from 9.30 am until 8.00 pm from Monday to Friday and from 9.00 am until 7.00 pm on Saturday. By choice the business is closed on Sunday.

Employees:
3

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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