Barber Shop in East London For Sale

Situated in a parade, excellent trading position, EAST LONDON

Turnover £ 4,500
Price £110,000

Features

Old Established Barber Shop

DOUBLE FRONTED PREMISES in the region of 580 ft² WITH SHUTTERS, tiled floor, suspended ceiling with LED lights, Air conditioning with hot air, 4 Work stations with chairs & mirrors, LED TV, .

Additional room currently used for Tattoos.

Staff Toilet with w.c. and wash hand basin.

Kitchen.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,500 p.w.

Additional income of £12,000 from an extra room used for Tattoos

Staff

The business is at present operated by the vendor with 3 full time staff employed.

Trading Hours

7 Day week
MONDAY - SATURDAY 9am - 7.30pm
SUNDAY 9am - 7pm

Outside

Rear yard plus Parking space for 1 car.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2024 with reviews every 5 years (next review 2029) at a current rent of £25,000 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2016, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S RELOCATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £110,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 55,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote