Hilton Smythe is delighted to welcome to the market this well-established and popular gentleman’s barber business, which is ideally located within the town of Cowes on the Isle of Wight.
The business was established by our client in 2006 and is only now being offered to the market, due to our client’s desire for new business ventures. The barber chop currently operates 5½ days per week and generates a turnover in the region of £45,200 per annum, with a gross profit of approximately 81%.
Our client offers a variety of barber services including haircuts, wash and cut and beard trims, as well as offering concessions for children and senior citizens. The property boasts 27 sq. metres of floor space, is very well maintained and decorated to a high standard.
The business has built up an excellent reputation within the area for the high quality of the styling and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.
We feel there is scope to increase the turnover by extending the opening hours or bringing in additional styling staff. A new owner could embark on a modest marketing campaign to highlight the services offered. Our client does promote the business on the popular social media website Facebook, although we feel the business would benefit from a dedicated website to advertise the business.
This is an excellent opportunity for a new owner to take this already busy business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.
McGregors Gentlemans Barbers occupies substantial ground floor, corner premises, ideally located within Cowes on the Isle of Wight. The business is situated on the busy Carvel Lane and is surrounded by a wealth of complimentary shops and businesses, therefore benefiting from a high volume of footfall and passing trade. The business further benefits from good car parking facilities within the area.
Cowes is an English seaport town and civil parish on the Isle of Wight. The town is located on the west bank of the estuary of the River Medina. According to the 2011 census, the town had a residential population of 10,405. Cowes has been the home for yacht racing since the founding of the Royal Yacht Squadron in 1815. The town gives its name to the world’s oldest regular regatta, Cowes Week, which occurs annually in the first week of August.
The area is very well served by the public transport system, with the main bus station being opposite the business. The high speed passenger link to Southampton is just a minutes’ walk away, with a car service to Southampton in East Cowes. The area is also well served by A and B-roads, with both being within easy driving distance of the property. Newport is approximately 7 miles away and Yarmouth is 13 miles away.
Substantial ground floor, corner premises, in an ideal trading location, briefly comprising:
Double aspect windows, creating a bright and airy interior.
Leather sofa and chair.
5 x waiting chairs.
3 x bespoke barbers’ chairs (£1,200 each).
Full length equipment unit and mirrors.
Hair product shelving.
To the rear:
Small kitchen area.
We are advised Leasehold:
Original lease length: 7 years
Remaining lease length: 3½ years
Rent: £8,000 per annum
The business is open:
Monday – Thursday: 9.30am – 5.30pm
Friday: 9.30am – 6.00pm
Saturday: 8.30am – 4.00pm
The business is owner run and managed.
The business generates a turnover in the region of £45,200 per annum, with a gross profit of approximately 81%.
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