UNDER OFFER Profitable Barbers shop business For sale in York

This highly profitable barbers shop on Monkate has been established for many years and enjoys an extremely prominent position on the corner of Monkgate and Penlys Grove Street close to Monkagte bar in the city centre. The unit is immaculately presented and the new owners could walk in and start operating from day one.   Thanks to the low overheads, the business is extremely profitable and a purchaser should get their money back within a few months.   Our client runs the business with a part time employee plus there is one self employed person who pays 40% of her earnings to the business owner. Net profits are calculated to be around £30,000 pa.

ACCOMMODATION

Retail Area  18.56 sq m having two work stations with mirrors and chairs, two additional chairs, small table with electronic cash register, welsh dresser for display and ambience purposes.

There is a small lobby with a wc and wash basin

OUTSIDE

Modern store room in a block of three lying to the rear.

RATES

The premises are shown on the Valuation Office Rating web site as having a RV of £3300. Under current arrangements for small businesses, no rates should be payable however interested parties MUST  check this information prior to proceeding.

LEASE

A new lease on internal repairing and insuring terms will be available for a term to be agreed at a commencing rent of £500 per month.

BUSINESS

Turnover is understood to be between £1200 and £1400 per week with adjusted net profits of around £30,000. Full accounts information can be made available to genuinely interested parties after having viewed the business.

EPC

The property has an EPC rating of TBC

PRICE

Around £21,000 to include all furnishings and equipment except a leather sofa.

COSTS

The incoming tenant will be required to pay a contribution of 50% of the landlords reasonable legal costs involved in preparing the  lease.

VAT.    

All prices and rents are deemed to be exclusive of any VAT which may  apply

IMPORTANT    

Where staff are employed in a business, it is possible that they are unaware of any impending sale,therefore it is essential that all viewings are arranged through us and no direct approaches should be made under any circumstances.  Buyers will be required to provide details of their identity ( passport / driving license and two utility bills) and proof of funding ( bank statements / mortgage offer ).

NOTE

Details and general information provided within these particulars have been confirmed by The Client, are given in good faith and are believed to be correct, however all proposed purchasers/tenants must satisfy themselves as to the correctness of the information provided.  We understand that all services and items of equipment are in functional order, but no warranties can be given in this respect. Neither the agents nor any person in their employ bind themselves in any way, nor are any warranties given as to the correctness of the information provided. No part of these particulars form part of any contract or agreement for sale or lease.