Location
This business opportunity is located in the City Centre at the junction of Morden Street with Percy Street. The barber shop is located within a mixed - use block that comprises both retail and residential accommodation.
Nearby occupiers are varied and comprise a range of independents and multiples and there is also parking nearby.
Business
This is a long-established business which has been trading for almost 45 years within the City and under the current ownership for the last 24 years. The shop is on the market as our client is looking to semi retire.
The premises are configured to provide a waiting area together with 4 cutting chairs and staff facilities. The central location provides strong levels of captive trade and over the last 4 decades the business has built up a loyal customer base. Potential passing trade can be generated from the nearby car parks and Haymarket bus station lies on the opposite side of Percy Street.
This business provides scope from either an owner operator perspective or potentially as a managed opportunity which could deliver an income via the renting out of chairs.
Viewing is recommended to appreciate the central location and to understand how the floor area could be utilised to incorporate more stations.
Premises
Comprise a self-contained lower ground floor retail unit forming part of a larger building.
Ground Floor
Barber Shop is circa 430 sq.ft. (40 sq.m.) with waiting area, 4 cutting stations and fully fitted and equipped.
Staff Area
W.C.
Fixtures & Fittings
A full inventory would be made available prior to an exchange of contracts.
Staff
The business is operated by our client with the help of 3 part time members of staff.
Trading Hours
Monday - Saturday 9.00am - 5.00pm
Sunday closed
Rates
The premises are assessed as follows:
Rateable Value £8,800
Rates free incentives subject to status.
Tenure
We are verbally informed that the premises are held on a 10 year lease from 2016 with a current passing rent of £13,000 per annum plus VAT.
EPC
Rating C.
Money Laundering Regulations
In accordance with the current Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.
