AN ESTABLISED HAIR SALON IN MAPPERLEY

Overview

Property ID : 3835

Description

Established 37 years ago, this tastefully and immaculately presented salon trades from the busy and upmarket area of Mapperley.

The premises are spacious and extremely well maintained. A public car park is just a few minutes’ walk away for customers. The salon offers both ladies and gents hair styling. Featuring 5 styling stations, 2 back washbasins and 2 floor mounted drying hoods. Kitchen with washing machine and dryer, client coat hanging area, storage and WC.

Key Information:

Sales. 2023 accounts show a turnover of £132,000 per annum.
Stock: Stock of £1,500 – £2,000 is included in the sale price.
Trading Hours. Tuesday to Wednesday 9am – 5:30pm, Thursday 9am – 3:30pm, Friday 9am – 7pm & Saturday 9am – 3pm. Closed on Monday.
Staff. Vendor, with 4 stylists. Vendors hours 27 per week, 1 part time staff member working 16 hours per week plus 3 full time staff members. 3 members of staff are required at all times. The vendor believes that the staff would be agreeable to continue working for the new owner.
Tenure. Leasehold. Term. We understand that a new 5 or 7 year lease will be made available.
Rent. £1,200 per quarter. (£4,800 per annum). A rent increase is anticipated.
Business rates payable. Gedling Borough Council. £ Nil currently with S.B.R.R.
Services. All mains services with the exception of gas are connected.

This established hair salon, located in the busy shopping area of Mapperley Plains, is now sold. We are excited to see this valued business continue to thrive under new ownership. We wish Matthew every success.