Modern Barber Shop in Watford For Sale

Situated in a Parade, shopping precinct locality, excellent trading position, office and commercial area, WATFORD, Hertfordshire.

Turnover £ 5,000
Price £155,000

Features

Modern Barbers

SINGLE FRONTED PREMISES, in the region of 1,000 ft², WITH ELECTRIC SHUTTERS, CCTV (4 cameras), Laminate flooring, plasterboard ceiling with LED lighting.

Customer waiting area.

Reception desh with cash regster and computer. Display stands, triple door fridge with drinks for customers.


5 fully equipped barber units with chairs and mirrrors.

2 customers cloakrooms with toilet and wash hand basin.

Office to rear.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,500 p.w. - £5,500 p.w.

Staff

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

Trading Hours

7 Day week
MONDAY - SATURDAY 9 a.m. - 8 p.m.
SUNDAY 10 a.m. - 5 p.m.

Outside

Parking for 1 vehicle to rear.

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 2020 with reviews every 5 years (under review) at a current rent of £23,000 p.a.

Business Rates from April 2025 £4,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2020, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £155,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 77,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote