No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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Hairdresser and barber shop

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Hairdresser and barber shop
0 bed
0 bath

Property description & features

  • Leasehold
  • Barbers Shop
  • Tattoo Licence
  • Space For Coffee Shop
  • 4 Bedrooms Above Producing Income of £22,080 PA
  • Prominent Main Road Location
  • Freehold Option Available

Leasehold Barbers Shop Located In Earlsdon
Freehold Option Available
4 Bedrooms Above Producing (£22,080 pa)
Tattoo Licence
Ref 2761

Location
This established and well respected Barbers Shop is located in the highly desirable area of Earlsdon in Coventry. Situated within a prominent and highly visible corner position on Hearsall Lane where it meets Sovereign Road. Hearsall Lane leads to the business park and the shop is between Warwick university and Coventry university. Both university's bring approximately 230,000 students to the area which is great for business. The shop has a bus stop outside and the area has an abundance of residential houses along with other businesses which bring decent levels of footfall to the area and Coventry city centre is within (1 mile).

Leasehold Asking Price: £49,950
Freehold Asking Price: £375,000

Business Description
Veritas Business Sales are delighted to offer for sale this delightful Barbers shop which is located in Earlsdon. The business was established by our client back in 2010 and is now reluctantly being offered for due to ill health.
Since ownership she has undertaken refurbishment, redecoration and invested in bespoke fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. Rio Barbers is owner operated with an additional barber who operates on a rent a chair basis. Due to the owners ongoing health problems the business has operated at a gentle pace and comes with huge potential.
We believe that a young owner operator could take the business to a new level and also increase income by letting additional cutting chairs to other barbers or hairdressers. The space to the side and rear would also lend itself to maybe a coffee shop or other retail use. This premises are adaptable and the income from the first floor virtually pays for the rent of the whole building so with that in mind this is a great opportunity and as such early viewing is highly recommended.

Opening Hours
Monday - Friday - 10:00am - 5:00pm
Saturday - 9:00am -1:00pm
Sunday - closed

Leasehold
New lease to be granted
Term: negotiable
Rent: £24,000 pa
Rates: zero

Ground Floor
Salon lower level comprising: customer seating area, barbers chair, table, cloak rack and wooden retail display unit.
Salon upper level comprising: cutting station with barbers chair (Belmont) and wall mounted mirror, backwash with barbers chair and wall mounted mirror, barbers chair, electric water heater (Aquatronic), 2 x wall mounted shelves, wall mounted soap dispenser and wall mounted paper towel dispenser.
W/C with wash basin and electric water heater (Redring).
Retail area with barbers char, backwash, 2 x leather sofas, 2 x tables, door leading to the kitchen and rear patio doors leading the rear yard.
Fully fitted kitchen.
Hallway with stairs leading to the first floor.

First Floor
Double bedroom (Rented out for £480 PCM)
Double bedroom (Rented out for £480 PCM)
Single bedroom (Rented out for £440 PCM)
Single bedroom (Rented out for £440 PCM)
Shared bathroom to service the four tenants
Landing
The property benefits from gas fired central heating and UPVC double glazing.

External
Rear yard/garden with banana tree and rear gate. Brick built outbuilding with Double bedroom and bath ensuite.

Places of interest

    Veritas Business Sales has been at the forefront of Business Sales, Acquisitions, Disposals and Commercial Property Sales for many years. We handle SMEs, company share or asset sales or just the disposal of a lease, so we pretty much have it covered. Once you have made the life-changing decision to sell your Business, the next most important step is to instruct the correct agent. At Veritas we have the experience, contacts and marketing power to expose your most prized asset to the right calibre of purchaser. We understand the mechanics behind a multitude of sectors to ensure that the process is both smooth and hassle-free to our clients. We liaise with all parties involved to include Landlords, Solicitors and Accountants and keep you updated with the conveyancing and contract matters every step of the way. We have carved a reputation as specialist agents to the catering trade and have recently sold millions of pounds worth of Fish & Chip Restaurants in The West Country. Other sectors include Licensed, Leisure, Health Care, Retail, Franchising and Property. Our Head office is located in Solihull with further offices in Truro, Nottingham, Norwich and soon to be Cardiff. Whether you are selling a Coffee Shop in Warwickshire, a Public House in Worcestershire, a Residential Care Home in Cornwall, a Retail business in The West Midlands or a Hotel Glamorgan. We have the knowledge and expertise to help with your exit strategy. We have a network of Consultants across the UK so choosing a business agent that understands your business and the benefits of its location means that we can strategically present your concern to a focused audience. Contact us for your free and confidential no obligation business valuation at a time and date to suit.

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    *DISCLAIMER

    Property reference 2761L. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Veritas Business Sales - Solihull.

    OnTheMarket may have applied supplementary data to this property listing, including:

    Broadband availability and predicted speed

    Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

    Basic: Up to 30 Mbit/s
    Super-fast: Between 30 Mbit/s and 300 Mbit/s
    Ultra-fast: Over 300 Mbit/s

    The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

    Mobile phone signal availability and predicted strength

    Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

    Clear: No bars, no signal predicted
    Red: One bar, reliable signal unlikely
    Amber: Two bars, may experience problems with connectivity
    Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
    Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

    Energy Performance data and Internal floor area

    Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.

    *Call rate information

    Calls to 0843 numbers will be charged at 4p/min from BT landlines. Calls from other networks may vary, and calls from mobiles and outside the UK will be higher. Calls to local numbers beginning with 01, 02 and 03 numbers will incur standard geographic charges from landlines and mobiles.