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Freehold Barbers Shop Located In Coventry For Sale

Coventry, West Midlands, UK
Freehold Price:
£375,000 Furniture / Fixtures included
Leasehold:
£49,950 Furniture / Fixtures included
Turnover:
Available on request
Net Profit:
Available on request

Freehold Commercial Property located in Earlsdon, Coventry. 4 bedrooms above producing (£22,080 pa). Currently trading as a barbers shop. Leasehold option £49,950. Tattoo licence and space to add a coffee shop. Prominent main road location.

Veritas Business Sales are delighted to offer for sale this unique Freehold Commercial Property which is located in Earlsdon. The commercial element trades as a barbers shop and 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 could be converted into an alternative use subject to planning consent. With that in mind this is a great opportunity and as such early viewing is highly recommended.

Property Information

Property:

Available as freehold and leasehold

Lease Terms:

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

Living Accommodation:

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

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).

Premises Details:

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.

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.

Business Operation

Trading hours:

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

Years established:
12 years

Other Information

Leasehold asking price:
£49,950 - Furniture / Fixtures included