Hilton Smythe welcomes to the market Ian’s Barbers. This long established business was originally founded by our client in 1962 and only now does the business come to the market as our client looks towards a well-deserved retirement.
The business currently reports a turnover in the region of £9,480, with a gross profit of 99%. The business has seen a much higher turnover in previous years, but due to our clients impending retirement the business is run at a pace to suit and has ceased offering a wet shave service which has been extremely popular.
The barbers is fully equipped and benefits from very low overheads with no staff wages and a peppercorn rent. There is massive scope to rebuild the business to its former glory by re-introducing the wet shave service and we believe the business would benefit from a modest marketing and advertising campaign to further promote awareness.
This is a good business venture with massive potential for development and early viewing is highly recommended.
The business is located in the former colliery village of New Ollerton, Nottingham.
Ian’s Barbers is located to the rear of a busy retail parade in the heart of the village, the business sits just of the A6075 the main thoroughfare, and is surrounded by housing estates from which the business derives much trade.
Single fronted premise briefly comprising:-
Access is via an alleyway from the parade of shops.
Single door access (new glazed door and window)
3 bench seating/waiting area
1 barber’s chair
Shelving and mirrors
A door leads to an Estate agents (next door) with use of toilet facilities.
We are advised leasehold.
The original lease length is 3 years
2 years remain on the lease
Rent is a peppercorn £166 per month
The business opens:-
Monday and Tuesday 8.45am – 12.00 noon and 1.30pm – 4.00pm
Wednesday 8.45am – 12 noon
Friday 8.45am – 12 noon and 1.30pm – 4.00pm
Saturday 8.45am – 12 noon
There is potential to increase opening hours if required.
The business is solely run by our client.
The business currently reports a turnover in the region of £9,480, with a gross profit of 99%. The business has seen much higher turnover in previous years.
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