Hairdresser / Barber Shop for sale

Newbury, Berkshire, RG14

Sold STC £240,000

Property Description

Commercial information

  • Business for sale

Key features

  • FREEHOLD OPPORTUNITY
  • RETIREMENT SALE
  • SAME OWNER 40 YEARS
  • HAIRDRESSING SALON WITH SEPARATE LADIES & GENTS AREAS
  • PROMINENT CORNER SITE
  • OFF-ROAD FORECOURT PARKING
  • NEWBURY, WEST BERKSHIRE

Full description

Tenure: Freehold

OLD ESTABLISHED LADIES & GENTS HAIRDRESSING SALON - TWO ADJOINING SEPARATE SALONS WITH INDIVIDUAL ENTRANCES

Located in a well populated residential and mixed commercial area in the prosperous West Berkshire Market Town of Newbury.

The Property occupies a prominent corner site with off-road forecourt parking for up to three cars.

The property has a wide frontage and is arranged as two separate Salons for Ladies & Gents each with their own street entrance.

Gents Salon (approx. 29' x 12'10" overall). Ladies Salon (approx. 18'8" x 14' narrowing to 11'). Small Kitchenette. Two Cloakrooms. Staff Restroom / Office at basement level with reasonably good headroom. Main Services Installed.

The current owner is a Gents Barber and thus her time is principally spent in the Gents Salon area whilst the Ladies Salon is run by self-employed staff paying chair rents which could be changed or amended if a new owner wanted to spend more time in developing this side of the business which, it is felt, is not performing to its best potential.

We are advised that Takings in the Gents Salon are currently averaging around £1,100 weekly with good profit ratios whilst the Ladies Salon is producing a chair rent income of circa £135 per week (has been £200+) which, it is felt, needs to be reorganised to achieve results more favourable to the Salon.

Trading Hours:- 9.00a.m. to 5.00p.m. (7.00p.m. Tuesday / Wednesday / Thursday - 6.00p.m. Friday). Half Day 2.30p.m. Saturday. Closed Sunday & Monday.

Price for business together with the Freehold property (Ground Floor only):- £240,000
STOCK EXTRA AT VALUATION

NB. The Flat above has been sold on a long leasehold interest paying a nominal ground rent.


Nearest stations

  • Newbury (0.2 mi)
  • Newbury Racecourse (0.4 mi)
  • Thatcham (3.3 mi)
Distances are straight line measurements from centre of postcode

Map & Street View

Nearest stations

  • Newbury (0.2 mi)
  • Newbury Racecourse (0.4 mi)
  • Thatcham (3.3 mi)
Distances are straight line measurements from centre of postcode

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