Business for Sale in Bury St Edmunds, Suffolk Freehold Investment Property OR Beauty Salon (Freehold/Leasehold Available)

Key Information

Reference

BS35311EF

Tenure

Freehold

Status

For Sale

Region

Suffolk

Sector

Investment Properties

Annual Sales

£200,000.00 Exc. VAT

Rent Payable

£23,000 per annum in the case of a leasehold sale.

Business Rates

Nil. We are advised that the business benefits from Small Business Rate Relief.

Accommodation

No

Business Information

PRICE OPTIONS:

LEASEHOLD (HALCYON DAYS ONLY): £65,000.

FREEHOLD ONLY (NO BUSINESS): £595,000.

FREEHOLD PLUS BUSINESS (HALCYON DAYS): £650,000.

We are delighted to be able to bring to the market this very long established and well regarded beauty salon, situated in the upmarket and busy Suffolk town of Bury St. Edmunds. Now only available due to the vendor’s pending retirement, this is an ideal opportunity to become your own boss and to take on this solid business. Alternatively, it could work just as well for an existing operator who would like to grow their portfolio with the addition of this profitable opportunity.

THE BUSINESS

The vendors have built the business up from scratch since opening in 1990. Despite recent challenges, they have managed to maintain gross profit levels on par with those pre-pandemic. A new owner would benefit from a database of over 4,000 clients, giving considerable scope to expand services. Coupled with a strong computerised system, website, social media presence, and excellent reviews, there is much to be gained in acquiring this business.

Offering a range of treatments and well equipped with two nail bar stations, three treatment rooms, and a range of specialist equipment (including a Venus Freeze skin tightening machine, Ellipse IPL, and two Caci Quantums), the salon is fully equipped to meet client needs.

PREMISES

The salon is located in an ideal spot in the heart of the town centre with good access and plenty of parking options close by. Being one of the largest and most well-known towns in Suffolk, there is not only a strong local trade but also many tourists visiting.

The salon which currently operates from the ground floor of the building and includes:

Reception Area: Tastefully decorated, offers a warm welcome. Split into two areas, one for product displays and a nail bar station, and another with a reception desk, client seating, display units, and a drinks making station.

Treatment Rooms: Four treatment rooms in all, with black units, hydraulic beds, various lighting options, and one room with a large corner shower.

Facilities: Disabled access w.c, laundry room, storage space, air-conditioning throughout, Sonos sound system, and wooden flooring.

The freehold property includes the remainder of the building at first and second floor levels. These floors are currently divided up into 4 units which are all currently let to similar personal care businesses which produce an additional income of c.£22,000 per annum on top of the £23,000 per annum that the ground floor beauty salon currently pays. The entire building therefore is very much like a ‘well-being’ centre now however if a buyer was to acquire just the freehold premises, then they would be able to utilise what would then be the vacant ground-floor for either their own business venture or to take on a new tenant to maximise the rental income achieved.

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ADDITIONAL INFORMATION

CONFIDENTIAL INFORMATION: In order to release further information on the business – such as the accounts, we require you to complete a short online non-disclosure form. Please contact our office and we will provide full instructions and assist where required.

REFERENCE NUMBER: BS35311E.

OPENING HOURS: 10:00am to 6:00pm Monday to Friday and 9:00am to 4:30pm Saturday.

TENURE: Business available with either Freehold or Leasehold (with new 10 year lease). Freehold premises with the ground floor only vacant on completion also available.

The purchaser will be responsible for the landlords costs and fees in connection with the assignment of the lease.

RENT PAYABLE: £23,000 per annum in the case of a leasehold sale.

The purchaser will be responsible for the landlords costs and fees in connection with the grant of a new lease in the case of a leasehold sale.

RATES PAYABLE: Nil. We are advised that the business benefits from Small Business Rate Relief.

This information has been provided to us by the vendor and any interested party is advised to enquire of the local authority to check the position with regards to business rates that will apply to a new owner.

STAFF: 4 part-time therapists and 3 part-time receptionists. Correct at time of listing.

EPC: Energy Performance Certificate shows a rating of ‘80/D’ - full Energy Performance Certificate available upon request.

PRICE:

LEASEHOLD (HALCYON DAYS ONLY): £65,000.

FREEHOLD ONLY (NO BUSINESS): £595,000.

FREEHOLD PLUS BUSINESS (HALCYON DAYS): £650,000.

Stock is payable in addition at valuation on completion if purchasing the business.

For the benefit of the freehold or leasehold interest, goodwill of the business, fixtures, fittings and equipment. Stock payable in addition on completion at valuation. Alternatively, the Freehold premises can be acquired with the ground-floor only vacant if desired with no business to be included.

VIEWING: Strictly by appointment only, please get in touch to make an appointment.

FINANCE: We may be able to help you with business financing or your commercial mortgage needs, subject to eligibility. Please let us know if you need our assistance with this and we will put you in touch with our recommended whole of market broker.

BUSINESS TO SELL: Thinking of selling your business? That's our business!

If you are interested in finding out how much your business is worth, we offer a free and confidential valuation service. You can choose the time and day that suits you best, and we will give you an honest and professional assessment. Please contact our office at your convenience to book an appointment.

PREMIER MARKETING: We are passionate about showcasing our businesses in a way that sets us apart from others. We provide quality property details and comprehensive information on all online platforms and our own website. If you want your business to stand out from the crowd, call us to book a free valuation.

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DISCLAIMER

1. Money Laundering Regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.

2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.

3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets, flooring or any built-in furniture.

4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.