Leasehold Barbers Shop Located In Earlsdon
Freehold Option Available
4 Bedrooms Above Producing (£22,080 pa)
Tattoo Licence
Ref 2761

Location
This established and well respected Barbers Shop is located in the highly desirable area of Earlsdon in Coventry. Situated within a prominent and highly visible corner position on Hearsall Lane where it meets Sovereign Road. Hearsall Lane leads to the business park and the shop is between Warwick university and Coventry university. Both university’s bring approximately 230,000 students to the area which is great for business. The shop has a bus stop outside and the area has an abundance of residential houses along with other businesses which bring decent levels of footfall to the area and Coventry city centre is within (1 mile).

Leasehold Asking Price: £49,950
Freehold Asking Price: £375,000

Business Description
Veritas Business Sales are delighted to offer for sale this delightful Barbers shop which is located in Earlsdon. The business was established by our client back in 2010 and is now reluctantly being offered for due to ill health.
Since ownership she has undertaken refurbishment, redecoration and invested in bespoke fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. Rio Barbers is owner operated with an additional barber who operates on a rent a chair basis. Due to the owners ongoing health problems the business has operated at a gentle pace and comes with huge potential.
We believe that a young owner operator could take the business to a new level and also increase income by letting additional cutting chairs to other barbers or hairdressers. The space to the side and rear would also lend itself to maybe a coffee shop or other retail use. This premises are adaptable and the income from the first floor virtually pays for the rent of the whole building so with that in mind this is a great opportunity and as such early viewing is highly recommended.

Opening Hours
Monday – Friday – 10:00am – 5:00pm
Saturday – 9:00am –1:00pm
Sunday – closed

Leasehold
New lease to be granted
Term: negotiable
Rent: £24,000 pa
Rates: zero

Ground Floor
Salon lower level comprising: customer seating area, barbers chair, table, cloak rack and wooden retail display unit.
Salon upper level comprising: cutting station with barbers chair (Belmont) and wall mounted mirror, backwash with barbers chair and wall mounted mirror, barbers chair, electric water heater (Aquatronic), 2 x wall mounted shelves, wall mounted soap dispenser and wall mounted paper towel dispenser.
W/C with wash basin and electric water heater (Redring).
Retail area with barbers char, backwash, 2 x leather sofas, 2 x tables, door leading to the kitchen and rear patio doors leading the rear yard.
Fully fitted kitchen.
Hallway with stairs leading to the first floor.

First Floor
Double bedroom (Rented out for £480 PCM)
Double bedroom (Rented out for £480 PCM)
Single bedroom (Rented out for £440 PCM)
Single bedroom (Rented out for £440 PCM)
Shared bathroom to service the four tenants
Landing
The property benefits from gas fired central heating and UPVC double glazing.

External
Rear yard/garden with banana tree and rear gate. Brick built outbuilding with Double bedroom and bath ensuite.