GracefulH&B
Well-Known Member
Hey Guys
Just looking for some advice on a beauty salon I've seen that's for sale. The beauty salon is located in a prime central location within a parade of complementary shops and businesses in the heart of a local town. The business receives a huge amount of footfall, as being well established. Parking is available in the nearby car parks of the town. The local area is very much an up and coming town and the area in which the salon is located is experiencing large amounts of inward investment. The turnover is in the region of £141,485 per annum with a net profit of approximately £89,742.
Lease can be taken over -
It is a large building with salon on the ground floor, 2 treatment rooms downstairs, spray tanning room, staff room/kitchen, large reception area with two nail bars. Three rooms on the 1st floor and a further room on the 2nd floor. All rooms equipped. Building was redecorated October 2011 inside and out. This is a very large spacious building could be turned into a bigger salon or spa, beauty salon & hairdressers, has many potentials.
The asking price is under £20k. Is this one of those "too good to be true" situations and what questions do I need to be asking the seller? I would obviously get an accountant to look at the accounts of the business but that costs money and I was just wondering, if this really does seem to good to be true, it probably is.
Thanks for your advice.
Just looking for some advice on a beauty salon I've seen that's for sale. The beauty salon is located in a prime central location within a parade of complementary shops and businesses in the heart of a local town. The business receives a huge amount of footfall, as being well established. Parking is available in the nearby car parks of the town. The local area is very much an up and coming town and the area in which the salon is located is experiencing large amounts of inward investment. The turnover is in the region of £141,485 per annum with a net profit of approximately £89,742.
Lease can be taken over -
It is a large building with salon on the ground floor, 2 treatment rooms downstairs, spray tanning room, staff room/kitchen, large reception area with two nail bars. Three rooms on the 1st floor and a further room on the 2nd floor. All rooms equipped. Building was redecorated October 2011 inside and out. This is a very large spacious building could be turned into a bigger salon or spa, beauty salon & hairdressers, has many potentials.
The asking price is under £20k. Is this one of those "too good to be true" situations and what questions do I need to be asking the seller? I would obviously get an accountant to look at the accounts of the business but that costs money and I was just wondering, if this really does seem to good to be true, it probably is.
Thanks for your advice.
