Barber Shops for sale in Middlesbrough

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Leasehold Price: £29,950 Turnover: £48,000 Gross Profit: £38,400
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Business Description
BUSINESS

Hilton Smythe is delighted to welcome to the market this well-established and popular barber shop business, ideally located in Middlesbrough, North Yorkshire.

The business was established by our client in 1996 and is only now being offered to the market due to our client’s desire for a well-deserved retirement. The business operates 6 days per week and generates a turnover in the region of £48,000 per annum, with a gross profit of approximately 80%.

Our client offers a variety of high quality gent’s hair styling. The property offers four cutting stations, all with their own mirrors and sinks. The business has built up an enviable reputation within the area for the high quality of the 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 massive scope to increase the turnover by filling all the cutting stations, either by employing more stylists or by letting the stations out to other stylists. A new owner could also embark on a modest marketing campaign to highlight the business and service offered.

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.

LOCATION

Guy’s Barber Shop occupies ground floor lock-up premises, ideally located on the busy Linthorpe Road in Middlesbrough, North Yorkshire. The business is surrounded by a wealth of complimentary shops and businesses and benefits from a high volume of footfall and passing trade. The business further benefits from on-street parking facilities to the front of the premises.

Middlesbrough is a large industrial town situated on the south bank of the River Tees. The town is often considered to extend beyond its council boundary into the neighbouring Redcar & Cleveland. Middlesbrough has two major recreational parks, Albert Park and Stewart Park.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. Middlesbrough railway station is just over 10 minutes’ walk away. The area is also well served by the A-roads, with the A66 being within easy driving distance of the business, which links to the national A-road and motorway networks. Stockton-on-Tees is approximately 5 miles away and Darlington is 16 miles away.

PREMISES

Ground floor lock-up premises in a prime trading location, briefly comprising:

Main entrance.

Waiting area with 6 x chairs.

4 x cutting stations with mirrors and sinks.

Product display stand.

Water cooling machine.

Coat rack.

WC to rear.

Potential office space.

External with:

Large window.

Well signed.

TENURE

We are advised Leasehold:

Original lease length: 10 years

Remaining lease length: 2 years

Rent: £11,500 per annum

HOURS

The business is open:

Monday – Friday: 9.00am – 5.30pm

Saturday: 8.30am – 4.00pm

Sunday: Closed

STAFF

The business is owner run and managed.

FINANCIAL PROFILE

The business generates a turnover in the region of £48,000 per annum, with a gross profit of approximately 80%.

Tenure: Leasehold

Listed by: Hilton Smythe
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