Traditional Barber Shop in West Midlands For Sale

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

Turnover £ 1,600
Price £75,000

Features

Traditional Barber Shop (established 2003)

5 DAYS OPENING

SINGLE FRONTED AIR CONDITIONED PREMISES, in the region of 530 ft², CCTV (8 cameras), Vinyl flooring, suspended ceiling with led lighting.

Customer waiting area.

Counter, cash register.

3 integrated work units with chairs, mirrors, sinks and television screens. Could be increased.

Hair dressing section to rear with 2 work stations sub let @ £100 p.w.

Cloakroom with toilet and wash hand basin.

Boiler room with cupboard.

Kitchen - cupboard, sink, kettle, microwave, tumble dryer.

Basement used for storage.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £1,400 / £1,800 p.w.

Staff

The business is at present operated by the vendor with 3 part time staff as required.

Trading Hours

5 Day week
TUESDAY - WEDNESDAY 9am - 5pm
THURSDAY - FRIDAY 9am - 6pm
SATURDAY 8am - 4pm
Potential to increase.

Outside

Rear garden.

Tenure

The vendor owns the Freehold and subject to satisfactory references is prepared to grant a new secure renewable 16 years lease with reviews every 4 years at an initial rent of £14,000 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2003, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS

Price

TO INCLUDE THE NEW SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £75,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 37,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote