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This is by any standards an exceptional business with a 5 star rating from The Good Salon Guide. The business trades under the umbrella of a private limited company and this is just one of a number of salons it owns. It is conducted from well sited extensive leasehold first-floor lock-up character premises equipped and presented to the highest standards with an amazing WOW Factor. Prospective purchasers will quickly realize that the business is used as an investment vehicle with the director acting in an overseeing capacity only. The advent of a new member to the family together with increasing family commitments does unfortunately create too many pressures to the extent that the business has to be sold. This really does create an almost ‘one off’ opportunity for a purchaser, whether as an investor or whether active and ‘hands on’ – for the latter the potential for a very high net income should be great. Individual trading accounts per unit are not available. Management Accounts and formal confirmation of figures can however be provided. This exciting business with a talented and committed team is being offered at a substantially discounted quoting price for a quick sale and those, particularly with experience, will recognize that this is ‘an opportunity knocking’! TAKINGS: £520,000pa excluding VAT (projected for the current year) GROSS PROFIT ON SALES: c. 85% CHAIRS: 20 BEAUTY ROOMS: 6 STOCK: approx £20,000 (adjustable) STAFF: 13 full time 11 part time (including 1 on maternity leave) 3 part time support staff covering reception and coffee making etc There is a very well defined wage structure and bonus scheme in place. NB: Staff fluctuates – please enquire for up to date position HOURS: Monday 9.00am – 6.00pm Tuesday 9.00am – 8.00pm Wednesday 9.00am – 6.00pm Thursday 9.00am – 8.00pm Friday 9.00am – 7.00pm Saturday 8.30am – 2.00pm Sunday – Closed FIXTURES & FITTINGS: SEE PAGE 2: THIS IS IMPORTANT LEASE: The accommodation is held on lease for a term of 10 years from 28th November 2003 held at a current rent of £26,000pa exclusive of rates. COSTS: SEE PAGE 2: THIS IS IMPORTANT THE ACCOMMODATION COMPRISES GROUND FLOOR IMPRESSIVE FOYER: With modern lift and contemporary styled stairs to FIRST FLOOR MAIN SALON: Approx 61’5” x max 57’9” of irregular shape and presentation worthy of a film set – open plan embracing reception and seating area Disabled Toilet Gents Toilet Ladies Toilet SUN ROOM 1 SUN ROOM 2 KITCHEN 1: Approx 9’6” x 8’2” 3 STORES: Approx max 31’1” x 6’6” inter communicating and housing a Worcester gas fired boiler The beauty rooms lie to the rear and are basically self-contained providing: WAITING AREA: Approx max 32’1” x max 9’6” BEAUTY ROOM: Approx max 13’2” x max 12’4” L-Shaped MYSTIC TAN ROOM: Approx 9’3” x 12’4” BEAUTY ROOM 2: Approx 9’9” x 12’8” BEAUTY ROOM 3: Approx 9’3” x 12’8” BEAUTY ROOM 4: Approx 9’6” x 12’4” BEAUTY ROOM 5: Approx 8’11” x 12’4” STORE: Approx 5’2” x 9’4” UNISEX TOILET DINING/REST AREA: Approx max 21’9” x max 13’1” with store off KITCHEN 2: Approx 9’5” x 8’11” SECOND FLOOR STAFF REST ROOM: Approx 21’5” x 26’6” (with fire exit off and access to large loft storage housing dedicated heating unit for back wasking only) these dimensions embrace a kitchen area and OFFICE: Approx 9’9” x 15’5” OUTSIDE Outside parking for 5 cars – a large public car park lies within paces away |
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To recieve further information, including location, a Confidentiality Form will need to be completed, signed, dated and returned by post to Austin Blowers, 55-57 Mansfield Road, Nottingham. NG1 3FL. or fax 0115 9539 903. |
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| Arrange a Viewing email: info@austin-blowers.com or telephone: 0115 9539901 |
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VIEWING All viewing arrangements are to be made through Austin Blowers unless otherwise stated and where a business is being sold it is to be conducted on a confidential basis. Any infringement of this procedure could result in action in the event of damage to the business being caused by knowledge of the sale being made known to staff or any other third party. Austin Blowers do not accept any loss or expense incurred in viewings. Interested parties should check on availability prior to viewing FINANCIAL SERVICES FREEHOLD In instances when we are selling a business conducted from leasehold property and the freehold or long leasehold interest is available for purchase, the purchaser of the business should note that all negotiations for the purchase of the freehold or long leasehold interest are to be conducted by and through Austin Blowers and that the purchaser will be liable to pay Austin Blowers a commission at the rate of 2% + VAT of the purchase price for this service, payable upon exchange of contracts. LANDLORD AND TENANT ACT 1954 Most leases coming to the end of their term are renewed without difficulty. If you need to known how this important legislation is likely to affect you as a tenant, please ask for a copy of our Business Investment Guide. Whilst you will find this helpful, you should, nevertheless, seek professional advice from your solicitor. FIXTURES & FITTINGS, PLANT EQUIPMENT & CONDITION OF PROPERTIES A detailed schedule of items to be included in the sale will be provided prior to exchange of contracts. Prospective purchasers will be advised direct by the vendor of any items to be retained and those that may be subject to Hire purchase /Lease /Lease purchase or other similar charge. Prospective purchasers should satisfy themselves as to the safety and serviceability of any item, its age and compliance with any statutory or similar regulation. Austin Blowers, nor anyone in its employ, are competent to comment on and give no warranty and accept no liability as to the condition, serviceability, or suitability for use of any item of plant or equipment or fixtures and fittings and purchasers are advised to satisfy themselves. Furthermore Austin Blowers do not give any warranty as to the structural condition of the properties offered and purchasers should satisfy themselves on this point. PLANNING & STATUTORY CONSENTS Prospective purchasers or tenants should make their own |
enquiries of the Local Planning Department and satisfy themselves at their own expense as to the use they intend to implement. It should not be assumed that the property has all the necessary planning, building regulations or other statutory consents. COSTS In the instance of an assignment of a lease /tenancy agreement /licence, the purchaser will be responsible for ALL (i.e. both vendors and purchasers) legal and related costs involved in the assignment. Where a new lease /tenancy agreement /licence is to be prepared, the purchaser will be responsible for all legal costs in the preparation of the lease/tenancy agreement /licence and any subsequent leases /tenancy agreements /licence and any stamp duty thereon. COSTS RUN FROM THE TIME SOLICITORS ARE INSTRUCTED BY US. AVOID DISAPPOINTMENT If you are interested in this property /business, it is important that you should contact Austin Blowers first, before your own solicitors are instructed or you issue instructions for the sale of your own business or property. It is always possible that we may have already secured a purchaser. Austin Blowers will not be liable for any costs/expenses incurred in the negotiating process. VALUE ADDED TAX It is now possible that on certain property /business transactions VAT may be payable. Properties and businesses are offered on the basis that the prospective purchaser or tenant, as the case may be, may be liable and they should, therefore, seek independent advice from their accountants or solicitors. All prices quoted do not include VAT unless otherwise stated. BUSINESSES Businesses are like living organs. They are changing and evolving in one way or another all the time- The information given in these particulars reflects the nature of the business at the time we received our instruction to sell. By the time you make an inspection it could be that some of the changes referred to have taken place. If that appears to be the case let us know and we will be pleased to determine the prevailing circumstances. NB 1. The condition of heating systems, all other mains services their connections and appliances is not known and have not been tested by us. Inquiries should be made direct with the owner where possible or through professional advisors as to their age condition and serviceability. 2. Descriptions given are subjective. They should not be taken as statements of fact. 3. It should not be assumed that contents displayed in photographs are to be included in the sale. 4. Areas and measurements provided are given as a guide only -they are not precise. If such information is crucial to a purchaser they should satisfy themselves on such information. FINANCE To comply with current legislation, we are under an obligation to check as far as possible the financial status of prospective purchasers to enable our client to make considered decisions. Confirmation of availability of funds to purchase should be provided to us by your solicitor/bank/building society. |
