Profitable Barbers For Sale
Price:
Leasehold - £40,000
Business Type:
Service Businesses
HISTORY
• The vendor has been in ownership for the last 24 years. During this time, he has built up a valuable reputation with a high level of loyal repeat customers
REASON FOR SALE
• Moving onto a larger venture.
SERVICES
• Our client has mainly concentrated on mens hair, although he did employ a hair stylist catering for ladies hair in the past.
CUSTOMERS
• Mainly from the local area both regular and passing trade
FINANCIALS
• Annual accounts show;
• Turnover of £36,759
• Adjusted net profit of £24,571 for 2010, and £27,182 for 2009.
• The adjustments for net profit take into account the working director’s salary, pension contributions, depreciation and finance costs
SCOPE
• The vendor has informed us that there is genuine potential to increase sales and profitability by:
• Increasing prices
• Employing additional hair stylists
• Offering additional services
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises.
• The business is situated within Birmingham on a very busy main arterial road.
• The location benefits from a very high level of passing vehicular traffic.
• The business is in a parade of retail businesses which all attract high levels of both passing and regular trade
• Leasehold
• Original Lease; Five Years
• Lease remaining: Three Years
• Rent: £6,360 pa
• Rates: £350 pa
We have been advised by the vendor that the landlord will be willing to grant a longer lease if required.
• A single storey mid terraced property, briefly comprising of:
• Hair salon with reception desk
• Waiting area
• Three work stations
• Rear room previously used as a ladies salon
• To the rear of the property are several rooms which can be leased at an additional rent from the landlord subject to negotiation.
• The areas would ideally suit a nail station, beautician, alternative therapies and a ladies
• These areas to the rear would need to be refurbished.
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