HAIR SALON & BARBERS TOWN LOCATION, EAST SUSSEX

This successful and established hair salon & barbers comes to the market in excellent condition and has been in current vendors hands for 8 years. During this time, they have created an excellent reputation with outstanding reviews on Facebook of 4.8 and of 4.7 on Google Reviews. They currently have an active client base who will regularly book with them, ensuring the salon is often running to capacity. When they have availability, they will also accept walk-in requests. The salon is now only coming to the market as the vendors wish to pursue other business opportunities.  The salon & barbers occupies an excellent location in the town and is in close proximity to local car parks and opposite Sainsbury superstore, ensuring a high footfall throughout the year.

THE PREMISES:  The business consists of two separate units, which means that the barbers and hair dressers have separate entrances and have a partition wall spanning half way across the units.  The barbers have 3 stations all with Belmont barber chairs and mirrors. With their own reception desk. The hair salon has 5 stations, each with their own mirror. Towards the rear of the premises is the hair washing area which has 3 backwash chairs. Within the salon side there is also a colour bar, kitchen and customer toilets. On the 1st floor are a number of storage cupboards, staff room and an office space. There is also a large room which was previously used a teaching room. We are informed that the present vendors own all the fixtures and fittings and will be included in the sale.

TURNOVER: The business currently trades Monday-Saturday 9am-4pm, then on Wednesday these hours are extended to 9am-8pm. One vendor is a full-time barber and the other is a part time hair stylist. They also current employee 3 full time hair stylists, 1 full time barber and 3 apprentices. The business currently averages £5,800 per week and full trading account are available upon request.

TENURE:  The premises are held on a full repairing and insuring lease at a rental of £20,000 per annum inclusive of VAT.  The current lease is due to expire in September 2024 and the landlord has confirmed that a new lease will be granted to a purchaser.

RATES:  We have been verbally informed that the business rates are currently £191 per month. The rateable value of the property is £18,500 per annum. Prospective occupiers should make their own enquiries to verify same.

GENERAL REMARKS: The vendor’s sole agents personally inspected this business.  Points to Consider:  Busy location which benefits from a high footfall throughout the year. Parking nearby. Excellent reputation and repeat customer base. Fitted to a high standard.

PRICE:  We are instructed to quote for the lease, goodwill, equipment, trade fixtures and fittings £89,950. SAV

 LEGAL FEES:  Each party to be responsible for their own legal costs. The purchaser to pay for the landlord’s legal costs.

VIEWING: On no account should any approach be made to the Manager or the staff without a prior appointment through the vendor’s agents, Watkins Commercial, Telephone: 01273 709090. 

ENERGY PERFORMANCE CERTIFICATE: The premises was rated a band D and the full report is available upon request.

DISCLAIMER: Neither the Vendor nor the Agent gives or implies any warranty that the premises are fit for any particular use or that they comply with any relevant regulation or statutory requirement.

The agents have not tested any apparatus, equipment, fittings or services so cannot verify that they are in working order.  The buyer is advised to obtain verification from their solicitor or surveyor before proceeding with the purchase.

VAT: All prices and rents are quoted exclusive of VAT.  Any intending purchasers or lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction.

MORTGAGE  & FINANCIAL PLANNING:  We shall be pleased to assist any purchaser in arranging finance to acquire this business or any other business you may be considering subject to status. 

Prop. Ref:        6770M

These particulars are believed to be correct but their accuracy is not guaranteed and

they do not form any part of any contract

APPLICANTS CONFIDENTIALITY AGREEMENT

I understand and agree that any information regarding any business supplied to by Watkins Commercial will be kept strictly confidential.  I also undertake that I will:

i)                View businesses registered with Watkins Commercial by appointment only.

ii)               Not contact any owner, staff, suppliers, competitors or customers of any business registered with Watkins Commercial

iii)              Not pass on any information supplied by Watkins Commercial to any third party other than a professional advisor et. Bank, solicitor, surveyor accountant, etc.

iv)              Submit any offers direct to Watkins Commercial with whom I will conduct all negotiations

v)               Be liable for any commission which would have been due to Watkins Commercial should I be party to negotiations or actions which seek to preclude, or are contrary to the interest of Watkins Commercial.