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Busy Hairdressing Salon In Barnstaple For Sale

Barnstaple, Devon
Asking Price:
£24,950
Sales Revenue:
Available on request
Cash Flow:
Available on request

*ingoing premium Of: £24,950 + £5,400 Rental per annum*

The premises comprise of a ground floor leasehold lock up hairdressing salon, providing the main salon area to the front, small inner staff room and staff cloakroom. The premises offer a total of approximately 216 sq ft of retail space plus a rear store /staff room of approximately 100 sq ft plus cloakroom off.

Having been owned by our client for 23 years and only available due to our clients impending retirement, the business will be offered fully furnished and equipped as a going concern. The business opens four days a week and we understand the turnover is approximately £31,500 per annum – on restricted hours. However in the past we have been verbally advised by the owner that the business achieved a turnover of £80,000. This is a great opportunity for an incoming enthusiastic young hairdresser to takeover an established business and develop a profitable career.

Property information

Property:

Leasehold

Lease Terms:

*ingoing premium of: £24,950 + £5,400 Rental per annum*
The premises are held on the balance of a lease with around 6 years remaining at a current annual rental of £450 per calendar month. We understand there is a rent review due in 2019. An incoming tenant will need to provide the usual bank and trade references for Landlords approval.

Leasehold Rent:

£5,400 per annum

Location:

In a busy main road trading location, within the village of Bickington, located between Barnstaple and Instow. The village has a popular public house as well as a general store, Post Office and car park. The village is within approximately 4 miles of Barnstaple, North Devon’s regional centre where there are a host of shopping facilities. Within the area are numerous new housing developments and a large number of ‘chimney pots’, ensuring a good base for customers in the locality.

Energy Performance Rating:
D

Contact Information

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