Retail property (high street) for sale
Property description & features
- Tenure: Freehold
- Long established hair salon in residential suburb of Shrewsbury
- Only offered for sale due to retirement
- Profitable business with long established client base
- Fully fitted out leasehold hair salon
The business trades from part of the ground floor of a part two and part single storey property fronting onto Station Road. The hair salon has a pedestrian entrance off Station Road and is arranged as three salon areas with a staffroom area and ancillary accommodation.
The salon provides a Total Net Internal Floor Area of approximately 594 ft sq ( 55.17 m sq). The salon is fully fitted out and offers the opportunity to acquire an “oven ready” business.
Location
The business trades from part of a property which is situated fronting onto Station Road in Meole Brace an established residential area of the town of Shrewsbury known as Meole Brace.
The business forms part of the ground floor of the property. Station Road serves as a road within the serving the residential area and is within proximity to all local amenities. The business is situated approximately 1.5 miles from Shrewsbury Town Centre.
Shrewsbury is the County Town of Shropshire and is an administrative and tourist centre. The town lies 16.3 miles (26 km) to the West of Telford and 31.5 miles (50.7 km) to the North of Wolverhampton. Access to the motorway network can be found via the M54 at Telford.
Terms
The business is offered for sale subject to a new lease for a length of term by negotiation.
There will be rent reviews at 3 yearly intervals. The lease will be granted on Tenants Internal Repairing and Full Insuring Terms.
The annual rent will be £6,500 per annum (Exclusive).
Business
The business comprises of a long established hair salon that is only reluctantly offered for sale by the proprietor due to retirement. The business was started by the proprietor in 1978 and has a long established client base.
The business is ran by the proprietor with assistance from the following staff: 1 Full Time and 3 Part Time
The opening hours of the hair salon is currently Tuesday-Saturday 9am to 5pm. There is further potential to expand the business by opening on a Monday or opening for longer hours.
For the financial year ending 31 March 2023 the business had a turnover of approximately £86,727 with a Gross Profit Margin of approximately 94.6%. Further financial information including audited accounts are available to genuinely interested parties upon request from the selling agents.
Fixtures and Fittings
A detailed inventory of the fixtures and fittings included in the business sale can be made available upon request from the selling agents
Services
(Not tested at the time of inspection)
Mains water, electricity and drainage are understood to be connected to the property. The property is heated by electric storage heaters.
Planning
Prospective purchasers of the business should make their own enquiries.
The property is understood to benefit from planning consent for Use Class E of the Town and Country Use Classes Order
Property information from this agent
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