Barber Shop in West Midlands For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, West Midlands.

Turnover £ 1,450
Price £55,000

Features

Well Presented Barbers

DOUBLE FRONTED PREMISES in the region of 210 ft² WITH ELECTRIC SHUTTERS, laminated strip floor, suspended ceiling with LED lights, sales counter, cash register, settee for customers' waiting

3 work stations with chairs & mirrors.

Toilet with w.c. and wash hand basin.

Small Kitchen type area

Turnover

WE ARE INFORMED by the owner the turnover currently averages £1,450 p.w.

Staff

The business is at present operated by the vendor with 1 full time staff employed.

Trading Hours

7 Day week
MONDAY - SATURDAY 9am - 6pm
SUNDAY 9am - 4pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 5 years in 2023 with reviews every 5 years (next review 2028) at a current rent of £9,240 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2018, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £55,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 27,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote