Commercial For Sale - Guide Price £45,000
Superb, turn-key salon opportunity
Market Square location
Iconic building
High quality throughout
New lease for ingoing tenant
Stock at valuation
A well established, highly regarded and superbly finished salon in Faversham's historic Market Square, offering a turnkey opportunity for a new venture or expansion to an existing business.
'The Lounge' has been trading for over 18 years, and in this time has built a fantastic reputation for quality and style.
Situated in one of the most iconic buildings in the Market Square, on entering you cannot help but be impressed by the superb quality and luxury feel of the whole salon. The tiled floors, mirrors and fixtures are in stunning contrast to the Grade II Listed exterior. The waiting and reception area is around 38m2 (409ft2) with quality sofa's and stylish bar area. There are three backwash basins to one side and a small step up into the main stylist area. This space is around 25.5m2 (275ft2) and again fitted out to the highest specification. All seven stylist chairs and backwash basin and chairs are from the Italian designer brand 'Pietranera'.
Downstairs, there is plenty of storage and a staff room area with small kitchen area and customer toilets. There is also a further styling/treatment room (finished to the same exacting high standards as the rest of the salon) of around 8m2 (86ft2) offering either a private client space or potential for sub-letting for perhaps beauty treatments.
This really is a fantastic opportunity to take over a thriving, existing business which undoubtedly has plenty of room to expand and grow. Currently trading four days a week, this could instantly be expanded for immediate, additional income. The current owners are looking to retire but are willing to help any new owner settle in if desired, or step away, the choice is yours!
The freeholder will offer the incoming tenant a new 5-year lease at £20,000pa.
Business rates: £14,750 This is the rateable value for the property. It is not what you pay in business rates or rent. Your local council uses the rateable value to calculate the business rates bill. To estimate your business rates, visit the VOA website.
All enquires strictly to Breadings.
IMPORTANT NOTICE
Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.
