Hairdresser and barber shop

Council tax band: TBC

Located on a busy road in Southchurch we offer for sale a great opportunity for any interested parties to own their own Salon. The seller has been here for approximately three years but prior to that it was still a ladies salon and has been so in excess of 30 years so has a been long established within the community. The business only operates five days a week so the opportunity does exist to trade longer hours and also offer an array of services currently not being offered by the current owner.

Accommodation

The premises is all located on the ground floor and has an approximate overall area of 52 sqm / 560 sqft.
Retail Zone A (4.53m x 3.99m)
Retail Zone B (3.23m x 3.37m)
Wash room (3.65m x 3.51m)
Kitchen (3.45m x 2.39m)
Locker Space (1.7m x 1.2m)
W/C
Courtyard Garden

Terms

The seller is offering the business for sale at a premium of £30,000 which includes the stock along with fixtures, sittings and equipment. On average, the stock value sits at around £2000 but does fluctuate depending on use.

Income

We have been provided with a set of accounts and advised that the most recent income was in excess of £70,000 2023-2024. More details are available for viewing.

Rent and Lease Details

Currently, the existing tenant pays a rent of £8250 but has pre-negotiated a new lease with the landlord. Full Details are available upon request.

Business Rates

The most recent business rates assessment is showing a rateable value £5700 but the currently occupier qualified for 100% discount.

Legal Fee's

The in going tenant is responsible for the legal fee's and the lease preparation. There are estimated in the region of £2400 plus vat but are subject to change and/or negotiation.

The landlords agent would also be required to reference any interested parties so any deal would be subject to satisfactory references.

CEPC Rating - C