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Popular Sun Bed Store in Sutton Coldfield

Sutton Coldfield, West Midlands

£34,999 +SAV

Ref: 13797 G

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Description

The business was established in 2000 by the current owner. This is a reluctant sale due only to our clients wish to take a well-earned retirement. The salon offers sunbeds and tanning. There is scope for a nail bar and other beauty treatments to be added. The business has a Facebook page with over 480 likes. Scope for improvement WebsiteAdvertising and marketing campaign Introduce a loyalty schemeExplore the possibility of introducing a nail bar on the premisesOffer a spray tan service Extend the opening hours

Tenure

Leasehold

We are advised this is a Leasehold. The term was originally 5 years.Current lease expires in 2019.Rent charged at £18,000 per annum. We are advised that business rates are in the region of £5,500 per annum.The landlord would be happy to renegotiate a lease for a new purchaser.

Hours

Monday -Thursday: 09.00 - 20.00Friday: 10.00 - 19.00Saturday: 10.00 - 18.00Sunday: 11.00 - 15.00

Staff

The business is run with the help of two full time and casuals as and when required.

Financial Profile

The business generates a turnover of approximately £77,000 with a gross profit of circa 96%.

Location

The House Of Sun is located in Sutton Coldfield, West Midlands. The business is prominently situated in a main road position and is immediately in front of the new Mulberry Walk shopping centre that has recently opened after a multi-million-pound redevelopment scheme and comprises 59,911 square feet of retail and restaurant space and comprises stores such as Boots, Prezzo, Caffè Nero, M&S Food hall. There is a large Sainsbury's supermarket a short walk away, the business is surrounded by free parking. Linked by regular and fast services from Sutton Coldfield railway station on the Cross-City line to the centre of Birmingham, Sutton is mostly a commuter dormitory town for people who work in Birmingham. The town is bypassed to the north by the M6 Toll, the first toll motorway in the U.K. Accessible from Sutton by junction T2 at Minworth, it also has easy access to the M6 to the south via Junctions 5, 6 and 7 and also the M42 in the east via junction 9. The parade in the town centre is the main destination and terminus for numerous National Express West Midlands bus services in and through Sutton Coldfield.

Premises

The business occupies the ground floor property, alongside other complimentary businesses. The business is immaculately presented and maintained, windows and glass door to front create a light and airy interior. Wood effect flooring to front and tiled floor to the rear, reception desk with chair behind, water cooler and customer waiting area by the entrance. Sunbeds and other equipment: -4 x DR Kerns Stand up sunbeds 1 x Leg tanning machine 1 x Lie Down Sunbed1 x Vibro-plate Exercise machine All sunbeds have been re-tubed and are maintained regularly.

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