ESTABLISHED HAIR SALON IN VERSATILE PREMISES WITH 3 BED SELF CONTAINED FLAT LOCATED IN LANCING, WEST SUSSEX

This thriving hair and beauty salon has been successfully operating for over 20 years, earning a stellar reputation with a loyal clientele. Boasting impressive reviews, including a 4.9-star rating on Google and 5 stars on Facebook, the salon provides a range of services attracting regular and repeat business. Located on a busy and vibrant parade of shops in a well-populated residential area, the salon benefits from high visibility, heavy foot traffic, and convenient on-street parking, making it a highly accessible destination for customers. This is an ideal opportunity for hairdressers looking to take over a turnkey operation with immediate revenue potential. Additionally, the property offers the unique advantage of living accommodation above, providing even more convenience for a new owner.

However, what truly sets this property apart is its versatility. While currently operating as a salon, the premises fall under the flexible E class use, which means it can be repurposed for a variety of business types. Whether you’re looking to establish a boutique retail shop, a café, a wellness studio, or even a professional office space, this site provides the freedom to explore numerous business opportunities. The property is only coming to market due to the owner’s plans for retirement, making this a rare chance to acquire a successful, well-regarded business in a prime location, or to repurpose the space for a new venture.

THE PREMISES: This salon is well appointed and spacious and has 8 hair stations, 2 back washbasins and 1 front wash basin. There is also a separate fully equipped beauty room, which includes a nail bar, couch and is fitted with a wash hand basin. Furthermore, there is a kitchenette/utility room to the rear of the premises, which leads out to the rear of the building and into the shared yard space and two designated car parking spaces. We understand from the vendors that all fixtures, fittings and equipment are owned and will be included in the sale. There is also a toilet available on the ground floor towards the rear of the premises. The salon benefits from easy on street parking.

LIVING ACCOMMODATION: The maisonette above the salon is completely self-contained and accessed via a door to the rear of the premises. It comprises of two double bedrooms, 1 single bedroom, large lounge, with a kitchen diner and family bathroom. The flat is currently let at £875 per month, (£10,500 per annum). PLEASE NOTE: We were unable to inspect the accommodation at the time of our instruction.

TURNOVER: We are informed that the business currently averages £1,600 per week. The vendor works full time in the business with the assistance of one part time member of staff and beautician. The salon currently trades from 9am to 4pm on Tuesday, 9am-4:30pm on Wednesday and Saturday, 9am-5:30pm on Thursday and 9am-7:30pm on Friday. The salon has a loyal customer base which is made up of many residents.

TENURE: The entire premises are held on a full repairing and insuring lease, which has approximately 6 years unexpired at a current rental of £16,000 per annum. The next rent review is due to take place in 2025.

RATES: We have been verbally informed that the business receives the benefit of the Small Business Rate Relief and the amount payable at the present time is zero. The rateable value for the property is £4,400 per annum. Prospective occupiers should make their own enquiries to verify same.

GENERAL REMARKS: Well established business, situated on a busy parade located in a densely populated area of Lancing. The business has the benefit of a self-contained three-bedroom flat. Secure Lease. Low overheads. Easy on street parking available for clients.

PRICE: We are instructed to quote for the leases, goodwill, trade fixtures and fitting. Price reduction £35,000 SAV

LEGAL FEES: Each party to be responsible for their own legal costs.

VIEWING: On no account should any approach be made to the Manager or the staff without a prior appointment through the vendor’s agents, Watkins Commercial, Telephone: 01273 709090.

ENERGY PERFORMANCE CERTIFICATE: The premises has been rated a Band E and the full report is available upon request.

DISCLAIMER: Neither the Vendor nor the Agent gives or implies any warranty that the premises are fit for any particular use or that they comply with any relevant regulation or statutory requirement.

The agents have not tested any apparatus, equipment, fittings or services so cannot verify that they are in working order. The buyer is advised to obtain verification from their solicitor or surveyor before proceeding with the purchase.

VAT: All prices and rents are quoted exclusive of VAT. Any intending purchasers or lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction.

MORTGAGE & FINANCIAL PLANNING: We shall be pleased to assist any purchaser in arranging finance to acquire this business or any other business you may be considering subject to status.

Prop. Ref: 6827M

These particulars are believed to be correct but their accuracy is not guaranteed and
they do not form any part of any contract

APPLICANTS CONFIDENTIALITY AGREEMENT

I understand and agree that any information regarding any business supplied to by Watkins Commercial will be kept strictly confidential. I also undertake that I will:

i) View businesses registered with Watkins Commercial by appointment only.
ii) Not contact any owner, staff, suppliers, competitors or customers of any business
registered with Watkins Commercial
iii) Not pass on any information supplied by Watkins Commercial to any third party other
than a professional advisor et. Bank, solicitor, surveyor accountant, etc.
iv) Submit any offers direct to Watkins Commercial with whom I will conduct all
negotiations
v) Be liable for any commission which would have been due to Watkins Commercial
should I be party to negotiations or actions which seek to preclude, or are contrary to
the interest of Watkins Commercial