Hairdressers Salons for sale in Exeter

View the "HIGHLY REGARDED CITY CENTRE BARBER’S SHOP AND HAIR SALON - Exeter" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 I’m really happy having just sold my online business within 2 weeks of advertising on Daltons 

Sarah Davies (June 2014) View More
Leasehold Price: £39,950 Price Reduced Annual Net Profit: £35,000
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Business Description
• OPERATING FROM CURRENT LOCATION SINCE 1984
• OWNER RUN BARBER SHOP WITH 1 CHAIR RENTAL
• FIRST FLOOR HAIR SALON WITH 4 CHAIR RENTALS
• BASEMENT LET AS TATTOO STUDIO
• SIGNIFICANT OWNER PROFIT FROM 4 DAY WORKING
• RETIREMENT SALE OFFERING RARE OPPORTUNITY

LOCATION:
The premises are ideally located at the upper end of Fore Street in the very heart of the city centre.

BUSINESS:
This is a rare opportunity to acquire a long established and very profitable barber’s shop and unisex hair salon occupying an attractively presented property arranged over 4 floors in the heart of the city centre.

The business, which has been trading successfully from this location since 1984, comprises a ground floor barber’s shop, which is run by the owner with the assistance of a self-employed barber, a first floor unisex salon operated by 4 self-employed stylists who each rent a chair, and further rental income is generated from a basement studio currently let to an established tattooist. There is also a spacious kitchen and staff room on the second floor alongside a small office.

The vendor, who owns the freehold of the property, tends to work a maximum of 4 days per week but is now planning to retire.

A new long term lease is offered at an attractive rent which is expected to leave the purchaser with an attractive net profit from working similar hours. Detailed trading figures will be made available to approved applicants following a brief telephone conversation with the agents.

A full internal inspection is strongly recommended to be able to appreciate properly what is on offer. The vendor asks politely that all enquiries are routed through Adams & Co please and on no account should a direct approach be made to the business.

YEARS ESTABLISHED:
The vendor originally traded from the nearby arcade but acquired the freehold of the current property and relocated the business to it in 1984.

TRADE:
Please note that if a business is VAT registered, all figures exclude VAT.
The current owner derives a significant income from the combination of his own barber’s shop takings and the chair rental payments from the self-employed barber (1) and self-employed hair stylists (4) further boosted by the rental income from the basement studio (although the latter is currently vacant).

A combined abridged net profit of £35,000+ is anticipated for the purchaser based upon continuation of a 4 day working week.

Detailed financial information will be made available to interested parties following completion of a form of confidentiality agreement and after a brief discussion with Adams & Co regarding financial position and ability to proceed.

REASON FOR SALE:
The vendor now wishes to retire.

STAFF:
There are no employed staff. The vendor runs the barber’s shop usually working 4 days per week (occasionally three and a half days) assisted by a self-employed barber who rents a chair. The hair salon is run by 4 self-employed stylists each on a chair rental basis and further rent is received from a tattooist who trades from the basement studio.

OPENING HOURS:
Monday to Friday: 8.00am to 5.00pm or 6.00pm
Saturday: 8.00am to 4.00pm

BUSINESS PREMISES:
(all sizes are approximate & should be considered 'nominal'.)
The business occupies a period terraced property arranged over 4 floors. The vendor has made significant improvements over the years including replacement of the roof in 1984 and the property is presented to a high standard with good quality fixtures, fittings and equipment throughout, together with a very effective heating and hot water system, which serves all 4 levels.

The shop front, which was replaced by the vendor in 2006/7, comprises a two thirds glazed entrance door with Myson heater over alongside an attractive display window comprising 4 panes with multi glazed panels over, all set in a hardwood frame. The door opens into:

Ground Floor

Barber’s Shop (6.2m x 3.5m approx.):
Suspended ceiling with inset spotlights, further diffused lighting panels and inset speaker connected to music system. Wood effect vinyl floor covering. 3 x styling positions each with front wash basin in full width vanity unit with integral power sockets, pine framed wall mirror and adjustable, leather effect, styling chair with integral foot rest. Further matching wall mirror to one side. Part wooden wall paneling. Wooden display shelving above the styling positions and further fitted unit for the storage of towels. Wooden reception desk with electronic till (for barber’s shop). 2 seater, leather effect, settee with further matching leather effect arm chair and saddle stool. Space for cloaks. A staircase with wooden gallery rail, vinyl treads and risers descends with a half turn past colour-washed stonework with deep stonework display area to:

Basement Level

Tattooist’s Studio (4.1m max x 3.0m max):
Of irregular shape. Below average ceiling height. Exposed beams. Wood panel effect floor covering. 2 x wall mounted fluorescent strip lights. Colour-washed stonework. Part wooden wall paneling. Full width wall mirror in recess with fluorescent strip light over and vanity unit under. Wooden desk unit with pedestal alongside and office chair. Ceramic wash basin in vanity unit with wall mirror over. Fitted wooden wall shelving. Further shelving unit under staircase. Radiator. 2 x leather effect chairs with 2 further seats in waiting area with fitted wall shelving over. Wooden door to:

Inner Lobby (1.5m x 1.4m):
Vinyl floor covering. Exposed timbers. Roll edged work surface. Fitted cupboard housing consumer unit. Staff locker unit. Sapele door to:

Staff WC:
Serving the building as a whole. Lobby with painted stone floor. Wall mounted ceramic wash basin with tiled splash back and mirror over. Further staff lockers. Wooden door to single cubicle with low flush WC. Fitted wall cupboard. Wall mounted gas meter.

Returning to the Ground Floor, to the rear left hand side a staircase with vinyl treads and risers and non-slip edge rises to a half landing with UPVc double glazed window to the rear elevation and half turn before rising again with wooden banister rail and spindles to:

First Floor

Unisex Hair Salon (6.5m into bay x 3.0m):
Feature triple aspect wooden bay window to front elevation overlooking Fore Street. Deep sill. Exposed timbers. Suspended ceiling with inset spotlights, diffused lighting panels and inset speaker linked to music system. Wood effect vinyl flooring. 4 x styling positions (2 on each side) each with wall mirror, vanity shelf with double socket to side and adjustable, leather effect styling chair. 2 x wall mounted overhead dryers. 4 x mobile pedestal units. 2 x back wash stations with ceramic basins, enclosed plumbing and integral leather effect chairs. Wall unit for storage of towels. Towel bin. Shallow wall recess. Shallow shelf for product display. Radiator with wooden shelf over and fitted open cupboard unit to side.

From the rear left hand side of the first floor salon a carpeted open staircase with painted banister rail and spindles rises to a half landing with UPVc double glazed window to the rear elevation and a half turn before rising again to a galleried landing.

Second Floor

From the galleried landing a wooden door to one side gives access to:

Office (2.4m x 1.5m approx.):
High level wooden window to the rear elevation. 3 x glazed panels sharing light from the landing area. Wooden desk with 3 drawer pedestal unit. Office chair. 4 drawer filing cabinet. Wall mounted Glow Worm boiler working in conjunction with secondary pumps and hot water tank to supply instant hot water and central heating to all four floors of the property. Loft access. Fitted wall shelving.

Returning to the landing an open doorway with fabric curtain gives access to:

Kitchen/Staff Room (4.1m into bay x 3.1m approx.):
Feature triple aspect shallow bay window to the front elevation overlooking Fore Street. Deep sill. Fluorescent lighting. Carpeted. Range of matching fitted floor and wall units to 2 walls with contrasting work surfaces. 1.5 bowl sink unit with single drainer to side and open cupboard unit under. Refrigerator. Microwave oven. Toaster. Tumble dryer on window sill. Staff locker unit. Music system linked to speakers throughout the property. Radiator.

Note:
Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.

PRIVATE ACCOMMODATION:
(all sizes are approximate & should be considered 'nominal'.)
None

LEASE TERMS:
The vendor owns the freehold interest in the property. A new and secure lease is offered (term to be agreed) to be drawn on full repairing and insuring terms at an opening rental of £1,500 per month (£18,000 pa) with rent to be reviewed three yearly thereafter.

ENERGY PERFORMANCE RATING:
0520-0836-6789-9024-7006 Rating 83 Band D
Tenure: Leasehold

Listed by: Adams & Co
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