Commercial Property in Tyne and Wear

Sunderland, Tyne and Wear
REF: S06494

Asking Price:
£140,000
Annual Turnover:
£54,680
Annual Net Profit:
£21,534
Reduced
REF: S06494
Photo of Commercial Property in Tyne and Wear
Photo of Commercial Property in Tyne and Wear
Photo of Commercial Property in Tyne and Wear
Photo of Commercial Property in Tyne and Wear

Overview

Tenure:
Freehold
Established:
1977
  • Equipment Included
  • Friendly & Professional Team
  • Excellent Reputation
  • Huge growth potential

This is a rare and fabulous opportunity for a buyer looking to acquire an established, well-regarded, freehold hair and beauty salon in a much sought-after city centre location.

The business was established in 1977 and has stayed with the same ownership for over three decades. The salon is in a fantastic location and caters to all age groups, offering a wide range of services in its fully-equipped workspace. The business has a wonderful reputation amongst its client base, with lots of repeat business and a great word-of-mouth reception. The owners have lovingly looked after this brand and built it up to a great level, yet there’s bags of potential to grow this even further.

This is a freehold opportunity which means the buyer has full autonomy over the venture and gains a level of freedom to explore every avenue of its future.

This well-presented salon opens into a lovely, bright and vast open plan ground floor. The space is thoroughly versatile and offers a calm, enjoyable environment for customers. There’s a counter situated to the left, meaning its handy for day-to-day administrative tasks and maintaining a shop presence at all times. The ground floor consists of 8 workstations, which means the business is always prepared to cope with busy periods, without feeling the burden too much.

The first floor is currently being rented out to the neighbouring Italian restaurant for £500 a month thus adding an additional revenue stream.

This is a freehold opportunity and therefore would grant the prospective buyer freedom to put their own stamp on the business from the first moment.

This is an unmissable opportunity which Intelligent is happy and excited to present to any prospective buyer looking to take over a health and beauty salon with very solid foundations and room for growth.

Thus far, the business has marketed itself solely through word-of-mouth and currently has no online presence. Developing a website or a social media brand would expand the target market of the business and encourage new punters to visit. This would be a quick and effective way of developing and broadening the business.

There’s also the option of expanding the offering within the salon itself, perhaps adding to the list of services, including beauty treatments or even diversifying further by adding a nail bar. All of these would be easy to achieve due to the versatility of the premises and would be an exciting way to add more to the existing foundations.

Location

Loading...
  • City Centre Location
  • Good Transport Links
  • Nearby Car Parking
  • Close to Local Businesses

Property

Rates
TBC
Accommodation Included
No
Freehold Property Value
£150,000
EPC Rating
C 51-75

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

Refine

Miles
£
£
£
£
Timed popup