Freehold, Barber Shop, Suffolk Market Town

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.