Adams & Co are excited to represent on market this superbly located male barber salon in a lovely quaint village in West Sussex. This old-school Barbershop accommodated a long standing, regular clientele. The vendor has had the business for 12 years, and the owner before for 17 years, and was a barbers prior to that. There is scope to increase trade, and focus on a younger typical client if desired, with significant opportunity by the nearby local schools. Currently the upstairs is used as storage, there is an opportunity to sub-let the room, and off-set against the rental amount.
Leasehold opportunity (Inside the Landlord & Tenant Act 1954)
5 Year Lease, Expires 2022 but is renewable.
Rent of £7,800 per annum
No business rates payable
Turnover c. £55k
Net Profit c. £39k (exc. Owners wages).
Excellent location in affluent village
Potential to sub-let upstairs room
Significant opportunity to increase trade.
Genuine Retirement Sale