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Reference M4617

Barber Shop in Croydon For Sale

Barber Shop in Croydon For Sale
Buy a Barber Shop in Croydon For Sale

Register to see map and to make an appointment Situated in a parade, excellent main road trading position, densely populated residential & commercial area, SURREY CROYDON

Turnover 2,000
Price 25,000

Features

Well Established Barbers Recently Reduced Price For The Lease, Goodwill, Fixtures & Fittings Only 25,000 Plus Stock At Valuation, Subject To Contract

The business has been in the same family since 1979 & in the same ownership for the past 37 years

Well established BARBERS. Rear section operated as a well established LADIES' HAIRDRESSING SALON. This section is currently let on a 6 months renewable shorthold tenancy & provides a rental income of 230 p.w.

SPACIOUS DOUBLE FRONTED PREMISES. Front area with marble floor, fluorescent lighting. 5 work stations with basins, mirrors & chairs. Reception desk with upholstered bench seating for customers' waiting.

Ladies' & gentlemen's cloakrooms each with w.c. & wash hand basin
Staff kitchen plus office

LARGE REAR SECTION operated as a LADIES' HAIRDRESSING SALON fully equipped including 4 positions each with mirror & chair. 2 back basins with chairs. There is space is this area for additional work stations, if desired. The ladies' hairdressing section is currently let on a renewable shorthold 6 months tenancy & the vendor of the barbers we understand receives a rental of 230 p.w.

Turnover

WE UNDERSTAND the turnover in respect of the barbers shop is in the region of 2,000 p.w. in our opinion offering further potential to increase in the right hands.

Staff

The business is at present operated by the vendor with the assistance of 2 full time staff.

Trading Hours

Monday, Tuesday & Wednesday - 9 a.m. - 6 p.m.
Thursday - 9 a.m. - 8 p.m.
Friday - 9 a.m. - 6 p.m.
Saturday - 8.30 a.m. - 6 p.m.
Sunday - 10 a.m. - 4 p.m.

Tenure

We understand the premises are held on a secure renewable lease for a period of 20 years from the 4th November, 2016 at a rental of 16,000 p.a. exclusive of rates up to November, 2020 with rent review at that time and thereafter every 4 years. (As will be appreciated with the current rental income from the ladies' hair salon of 11,960 p.a. the net rental payable at the present time is only 4,040 p.a. exclusive of rates).

THIS WELL ESTABLISHED BARBERS HAS BEEN IN THE SAME HANDS FOR THE PAST 37 YEARS AND THERE ARE GENUINE REASONS FOR SALE

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

REDUCED FOR EARLY SALE

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 25,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 12,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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