Retail premises for sale in Freehold, Barber Shop, Suffolk Market Town IP33

Freehold barber shop located on the outskirts of town centre in this very distinctive highly built up residential area that has ample free parking in this historic suffolk market cathedral town. The business has been established 30+ years that has been operated under the same ownership since 2016 by our client who worked in the business as far back as 2007 and who has brought the property to market with a genuine reason for sale. Being only the third owner since its establishment, the vendor and the business have an enviable reputation amongst a loyal & regular client base. The property is very well presented, benefits from zero rates payable and is currently arranged as 5 x cutting stations with 1 x front wash. A very simplified price list with dry cuts from £11.50, re-styles from £12.00, cut, shampoo & blow-dry from £14.00, flat tops and skin fades from £13.50, really does offer scope to add services. Ideally suited for an experienced barber to own their own barber shop, this business also lends itself to an already established barbers looking to expand their current operation. Cost of Stock to be paid on Completion. This is a confidential sale and an early viewing is advised. Ref: RX257611 M6405S

Location

The business is located just on the outskirts of the town centre in a highly built-up residential area with a small scattering of independent retailers in the surrounding and adjoining roads, with plenty of free time-restricted parking

Exterior Front

A prominent corner premises with a centrally located UPVC and glazed front door entrance with almost full-height signed display windows on the side elevations. The premises further benefits from a wall-mounted barber pole and embossed signage on the central and side elevations

Barber Shop

Well presented throughout with solid wood-type flooring, strip lighting, air con with heating, CCTV and comfortably accommodating 5 x cutting stations with wall-mounted mirrors and a large faux leather-type seating/waiting area to the immediate left-hand side. One of the cutting stations doubles up as a front wash and towards the rear of the barbers is the L-shape till serving counter with base level units and electronic till. At the rear of the premises there is a door leading into a cloakroom with a handwash basin and a separate internal door leading to the staff toilets. On the left-hand side is an internal door leading into the office/staff room with base level units, washing machine, tumble dryer and a large stock cupboard. The office/staff room also has kitchen facilities and an emergency exit

Staff & Trading Hours

The vendor works full time and is assisted by 4 part-time members of staff. The business currently trades 9 am to 5 pm, Monday through to Saturday

Turnover

Turnover on the last full set of accounts show net sales of £113,839 with a gross profit margin after staff expenses of approximately 41% yielding adjusted net profits in excess of £38,000. Full financial information will be disclosed at our client's discretion on or after a meeting

Business Rates

The premises are subject to a rateable value of £5,200 resulting in zero business rates payable

Disclaimer

Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission