UNIQUE OPPORTUNITY TO ACQUIRE SUCCESSFUL NAIL SALON IN SOUGHT AFTER CENTRAL BRIGHTON LOCATION

A unique opportunity has become available to purchase a thriving nail and beauty salon located on in the centre of Brighton. The salon was established in 2022 and during this time the business has received excellent reviews on Treatwell (4.9*). The salon specializes in gel nails, gel and acrylic nails extensions, lashes extensions, waxing, eyebrows shape, gel pedicure as well as a number of other treatments as well. They have created a loyal and regular customer base, with many clients booking with them regularly.

PREMISES: The salon is located on a busy main road, which is on a number of bus routes connecting Brighton and Hove together. The salon is in excellent condition and was fully refurbished when the

vendor created the business. The premises are double fronted and on entering the ground floor you are greeted by the waiting area and reception desk. There are 8 nail bars and 3 spa pedicure chairs at the rear. With additional seating at the side which is used as a waiting area.

Lower Ground Floor – Has 2 fully fitted treatment rooms with a couch, please note that these are currently rented out generating £550 in weekly income. There is also a kitchenette, storage area, staff room and toilet. The vendor has confirmed that all fixtures and fittings are owned outright by them and nothing is hire purchase or lease. TURNOVER – The business is run under management and the staff consists of full time self-employed nail technicians. Hours of Opening Monday to Saturday 10am to 7pm and 10am-4pm on Sunday. Full details of the turnover will be shared with prospective purchasers upon request. The salon uses Treatwell to manage all bookings through the salon’s comprehensive website. We are informed that the business is currently averaging £6,000 per week.
TENURE – The premises is held on a full repairing and insuring lease with approximately 7 years remaining, at a current rental of £44,400. per annum inclusive of VAT. There is a break clause in year 5 of the lease.

RATES: We have been verbally informed that the current rates payable are £ £3649 per annum. Prospective occupiers should make their own enquiries to verify same.

Price – We are instructed to quote for the lease, goodwill, equipment, trade fixture and fittings £80,000 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 property has been rated band E. The full EPC 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: 6761M

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.