UNDER OFFER
12/01/24
604945
C 1024 / Rightbiz
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.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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