This property has been removed by the agent. It may be sold or temporarily removed from the market

View similar properties

Hairdresser / Barber Shop for sale

Station Way,Cheam,SM3

Under Offer 44 sq. m. | £49,950

Property Description

Commercial information

  • Business for sale
  • 481 sq ft (44 sq m)

Full description

Tenure: Leasehold

LEASEHOLD


LOCATION
The business is located in the large village of Cheam, in the London borough of Sutton.

Ali Barbers is ideally located on the main high street amongst a parade of retail outlets, eateries and town centre amenities ensuring good footfall throughout the day. The business benefits from both a bus stop and Cheams railway station within a short walking distance and free parking for customers.

The business is located just off the crossroads of the A232 and A217 both main commuter roads with heavy traffic. Cheam is also a densely populated residential area from which the business derives its trade.

BUSINESS
Hilton Smythe welcomes to the market Ali Barbers. The business was originally founded in the 1960's with our client successfully running the business for over 17 years. The business is very well known in the area and is well supported by the local community.

Ali Barbers is a good size and very well presented with stylish décor and fittings with 4 barbers chairs. The business reports a yearly turnover of circa £57,500 with a generous 97.5% gross profit. The barbers currently opens limited hours which can easily be extended to further income.

Currently the business offers services for gentleman only. Although, there is huge potential for the new owner to develop the business if required. There is a large basement currently unused which could be refurbished to either expand the barbers allowing for additional staff or the space could be used to diversify into complementary business such as hairdressing and beauty. Equally, the space could be let out to generate additional income subject to correct permissions.

The barbers comes to the market as our client wishes to pursue a new career and we highly recommend early viewing of this well-established business in a prime trading location.

PREMISES
Well-presented double fronted premise briefly comprising:-

Excellent signage.

Deceptively spacious work space with 4 barbers chairs, well-lit with wooden flooring.

To the rear is the kitchen area/staff room and toilet. Rear door access from the kitchen to parking area for customers and 2 staff parking spaces.

A doorway in the hallway leads to the basement.

Equipment/Assets:-
2 leather sofas
4 leather salon arm chairs
5 spot lit mirrors
Wall mounted flat screen
CCTV
5 back washes
Till
Towel rack with towels
Table and chairs in kitchen.

Basement room the same size as barbers, currently unused.

TENURE
We are advised leasehold
Original lease length is 10 years
Reviewed every 5 years
3 years remain on the lease
Rent is £11,250 per annum.

HOURS
The business opens:-

Tuesday, Thursday Friday and Saturday 9.00am - 5.00pm
Closed Sunday, Monday and Wednesday.

STAFF
The business is owner run and managed with the assistance of 1 member of staff.

FINANCIAL PROFILE
The business reports a yearly turnover of circa £57,500 with a generous 97.5% gross profit.


Map & Street View

Disclaimer - Property reference 2848. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Hilton Smythe, Bolton . Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

* This is the maximum possible speed. Broadband speed may be lower at peak times and can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. The information is provided and maintained by comparethemarket.com

Map data ©OpenStreetMap contributors.