Wee Established Barber Shop in Hertfordshire For Sale

Shopping centre locality, prominent trading position, residential, office and commercial area, Herts.

Turnover £ 3,000
Price £120,000

Features

Old Established Barbers

6 DAYS OPENING

Ample customer's car parking as there are no parking restrictions.

SINGLE FRONTED PREMISES in the region of 780 ft² with Kardean flooring, suspended ceiling with LED Panel lighting, sales counter, cash register

5 work stations with chairs & mirrors

1 back wash basins with chairs.

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

Kitchen / Staff Room

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,000 p.w.

Staff

The business is at present operated by the vendor with 1 full time and 1 part time staff on maternity leave.

Trading Hours

6 Day week
TUESDAY - FRIDAY 9am - 6pm
SATURDAY 8.30am - 3pm

It will be appreciated upon inspection that there is terrific potential for additional opening hours.

Outside

Rear yard

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 2012 with reviews every 3 years (next review 2027) at a current rent of £12,000 p.a. + VAT. In addition we understand there is a Service charge of £480 p.a. approx.

We further understand that the landlord, subject to satisfactory references, is prepared to grant a new 15 year lease at rent to be agreed.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2012, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S RELOCATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £120,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 60,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote