Established Barbers Business For Sale

Fellas, 26 South Farm Road, Worthing, BN14 7AE

Quick Summary

£25,000 Price Description: Guide Price Units: 1 Floors: 1 Area: 350 sq ft Type: Business, Commercial Status: Sale Rooms: 1 Parking: 2

Property Description

An excellent opportunity to purchase a well-established Gent’s Barbers situated in a prominent and convenient location.

The premises, which has been refurbished within the last 12 months, comes fully fitted with all trade fixtures and fittings. There are 3 workstations, an ample waiting area, reception/till counter and a disabled access WC. Externally, the property benefits from forecourt car parking providing two spaces for either staff or customers.

The property is situated within a well-established parade to the southern end of South Farm Road, just north of the railway crossing. The parade fronts onto a busy vehicular thoroughfare and benefits from good footfall levels being on the approach to Worthing Mainline Railway Station.

This is an excellent turnkey opportunity to purchase an established business trading over ten years. New lease terms are available and viewing is strongly recommended.

 

ACCOMMODATION:

 

Main Shopfront                               350 sq ft

Maximum overall depth                      22’2

Maximum Overall Width                     17/4

 

Small kitchenette

Disabled access WC

Private front forecourt providing car parking

 

BUSINESS:

‘Fellas’ has been operating for approximately 15 years and offers an excellent turn-key opportunity for a new venture or an existing business seeking to expand.

The shop is currently open from 9am-5:30 pm on Mondays, Tuesdays, Thursday and Friday and 8:30am-4pm on Saturdays.

The business is currently operated by the existing owner only but they have previously had other barbers working on a self-employed basis.

 

TERMS:

 

Lease:

The premises are available with the benefit of a new 5 year lease with a 3 year break clause.

 

Rent:

£8,000 per annum

 

Premium:

Offers are invited at a Guide Price of £25,000 for the business, goodwill and trade fixtures and fittings (full inventory to be agreed). Stock at valuation.

 

LEGAL FEES:

The in-coming tenant is to be responsible for the Landlord’s legal fees and the seller’s abortive costs unless otherwise negotiated.

 

RATES:

The Rateable Value for the property is £6,400 and we would therefore expect that any ingoing occupier would be rates exempt under the Small Business Rate Relief. All parties are advised to make their own enquiries with the local authority as to the rates they may incur.

 

VIEWING:

As the business is still trading, all viewings are strictly by prior appointment with Spratt & Son and no direct approaches are to be made.

Should you wish to view, please contact Spratt & Son to make an appointment.

 

ENERGY PERFORMANCE CERTIFICATE:

The Energy Performance Asset Rating for the premises is E: 122.

Copies of the EPC and Recommendation Report are available upon request.

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