Retail premises for sale in Hair & Beauty Salon, Chelmsford CM1

Hair & beauty salon occupying a main road position within a mixed use parade that is located in a highly built-up residential area which is on the outskirts of the city centre - chelmsford. The business has been established over 60 years and in the same hands since 2004 with our client bringing the business to market with a genuine reason for sale due to retirement. The salon is arranged as 4 x cutting stations, 2 x back wash basins along with a separate beauty room and we feel there is huge scope to increase revenues by extending the operating hours and undertaking a social media marketing campaign. The premises benefits from extremely low overheads and we are advised zero rates payable. Representing a great entry-level business that would thrive in younger hands, this really is an ideal opportunity for a stylist looking for their own salon. Cost of Stock to be paid on Completion. Early viewing advised. Ref: RX257894 M6693E

Location

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

Tenure

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

Exterior Front

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

Salon

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

Staff/Kitchen Area

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

Beauty Room

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

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

Business Rates

The premises is subject to a rateable value of £2,700 resulting in zero business rates payable

Legal Costs

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

Disclaimer

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