Very profitable and well presented salon with low overheads.
Ref: C 914
This must surely be one of the most well presented and easily run salons currently available in York! Located in the ever popular area of Clifton, just off the Green, the salon, which has been established many years, comprises of a main salon area, rear kitchen / staff area and a wc. The low overheads and no rates to pay ensures that the salon is very profitable and can be run by one person if required. All the fixtures and fittings are of a good standard and are included within the very realistic asking price.
ACCOMMODATION ( note, all dimensions are approximate )
Salon approx 26 sq m having 2 back wash positions, 5 styling bays, each with wall mirror, 1 overhead dryer, attractive floor level storage cupboards carefully positioned between styling bays, wood effect laminate floor, reception counter, electric storage heater, extensive range of ceiling spot lights.
Kitchen area approx 3.4 sq m being well appointed with a range of base and wall cupboards and drawers, stainless steel sink unit, gas water boiler, electric storage heater,
Lobby, with wash hand basin and door to staff and customer wc.
The premises are shown on the Valuation Office Rating web site as having a RV of £5300. Under current arrangements for small businesses, no rates should be payable however interested parties should check this information prior to proceeding.
A new lease will be available to the buyer for term to be agreed. The current rent passing is £6180 pa.
We understand that the lease will be on internal repairing and insuring terms.
The business is run by the owner and two self employed girls who operate on a 60/40 income split, with the owner receiving 40%. The owner works about 3.5 days a week on average so there is huge scope for further increasing income and profits. Accounts for year ending 5/4/2018 show sales of £46,302 and a net profit of £30,950. The profit level is reasonably consistent and full accounts information can be shown to genuinely interested parties after having formally viewed the salon.
The property has an EPC rating of TBC
The purchaser will be required to pay the landlords legal costs involved in preparing the lease.
Around £36,500 including all fixtures and fittings.
By arrangement with The Agents on 01904 794812.
Where staff are employed in a business, it is possible that they are unaware of any impending sale, therefore it is essential that all viewings are arranged through us and no direct approaches should be made under any circumstances.
All prices and rents are deemed to be exclusive of any VAT which may apply.
Details and general information provided within these particulars have been confirmed by The Client, are given in good faith and are believed to be correct, however all proposed purchasers/tenants must satisfy themselves as to the correctness of the information provided. We understand that all services and items of equipment are in functional order, but no warranties can be given in this respect. Neither the agents nor any person in their employ bind themselves in any way, nor are any warranties given as to the correctness of the information provided. No part of these particulars form part of any contract or agreement for sale or lease