Very Profitable Established Barber Shop In Evesham For Sale

Business description

• RETIREMENT SALE OF VERY PROFITABLE BARBER SHOP
• MAIN THOROUGHFARE
• LOW RENT AND OVERHEADS
• LOYAL CLIENTELE
• LEASEHOLD (FREEHOLD OPTION WITH TWO FLATS AVAILABLE)

LOCATION:
Evesham is an attractive town, much improved by the recent High Street refurbishment and benefits from the picturesque grounds of Abbey Park and Waterside situated on the borders of the River Avon. Evesham has an active tourist industry attracting many people into the town with its annual events, as well as serving the local
village communities.


BUSINESS:
17 Port Street, Evesham is a retail shop fronting directly onto the northern side of Port Street. It is in walking distance of the Evesham main shopping centre, Port Street being one of the main thoroughfares into the town centre benefiting from a high volume of pedestrian footfall traffic. Port Street is gradually developing into a busy retail area. Other shops in the immediate vicinity include a travel agent, butcher's shop, restaurant, pharmacy, fish and chip shop and public house. The Regal Cinema is nearing completion of a major refurbishment project, which should attract many more people into the area.


YEARS ESTABLISHED:
The business is well established and has been used as a barber shop for many years.


TRADE:
Turnover in the year ended 31 July 2011 was £53,200, very consistent with the previous years.

Please note that if a business is VAT registered, all figures exclude VAT.

NET PROFIT:
An abridged net profit of £41,117 was reported for the year ended 31 July 2011 and averaged £41,763 over the past three years.

REASON FOR SALE:
Retirement


STAFF:
The business is run by the vendor with no assistance from staff.


HOURS:
Monday to Saturday 08.30 to 17.30


BUSINESS PREMISES:
(all sizes are approximate & should be considered 'nominal'.)

Salon:
(2.56m x 6.42m giving 16.47sqm Plus 0.61m x 0.60m giving 0.37sq m)
Plus 2.84m x 1.03m giving 2.93sq m
Total salon area 19.77sq m

Lighting is by fluorescent light fittings, heating is by electric night storage heaters.

Equipment comprises; two wash basins, two fully equipped barber chairs and tiled floor
There is also a storage cupboard under the stairs
Kitchenette:
(1.12m x 0.92m giving 1.03sq m)
Stainless steel sink, marble effect Formica worktop

Cloakroom:
(0.84m x 1.79m giving 1.52sq m)
Hand wash basin, low level WC
Storage room:
(4.96m x 3.42m giving 17.21sq m
- 2.08m x 0.63m giving 1.32sq m)
Total store room area 15.89sq m (capable of being converted into additional retail area if required)

Total net internal area 36.69sq m (395sq ft)

Note:
Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.

PRIVATE ACCOMMODATION:
(all sizes are approximate & should be considered 'nominal'.)
None


TENURE:
Leasehold

LEASE TERMS:
A new lease is offered with an anticipated term of 1 – 3 years. Rent will be £5,000 per annum.

Property information

Property:

Leasehold