Barber Shops for sale in Oldham

View the "Freehold Barbers With Accommodation - Oldham" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

Freehold Barbers With Accommodation - Oldham

Oldham, Greater Manchester, England

  • Freehold Price: £136,000
  • Sale Agreed
  • Annual Turnover: £26,060
Seller Reference: 7060
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Business Description
 
 
 
 
 
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Seller Reference: 7060
Request Details
Business Description
Prominent Main Road Position
Rental Income £18,720 From Chairs
Rental Income From Flat £5,200
Three Chairs Currently Let
One Further Chair Available
Total Potential Rental Income Of £30,160 If All Chairs & Flat Let
Superb Online Reviews
Fully Equipped & Beautifully Presented Throughout
Strong Base Of Regular Customers
Located Opposite Busy Parade Of Shops
Large Amount Of Passing Trade
Premises Could Suit Range Of Other Businesses
EPC - D
REF 7060 – Freehold Barbers With Accommodation

Blacks Brokers are pleased to bring to the market this freehold barbers with accommodation located in Oldham, Greater Manchester.

INTRODUCTION

The Traditional Barber Company was established by our client in this busy area of Oldham in 2011. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google and Facebook. The Traditional Barber Company has a strong social media following but at present, does not have a website in place – this is an area a new owner could look to develop.

LOCATION

The Traditional Barber Company occupies a main road trading position on a row of residential properties with parade of shops opposite. The area is densely populated residentially and commercially with neighbouring businesses including independent retailers as well as large multiples such as Asda. There are also a number of schools nearby. The area is well linked by the M60 with very strong public transport links and parking is available in the immediate area.

REASON FOR SALE

The business is being offered for sale due to our clients desire to relocate abroad. This therefore, presents an excellent opportunity for a new owner operator or team to take over the business and push it to the next level.

LEASE

This is a freehold proposition; no lease details applicable.

STAFF

The business currently operates with three members of self employed staff occupying three out of four chairs available for hire.

FINANCIAL DETAILS

The Traditional Barber Company has traded solidly since opening and our client has established a strong repeat customer base. We are advised that the business has annual turnover of £18,720 from chair hire alone. Currently only three of the four chairs are being rented out, if all four chairs were rented out then the income would be £24,960. There is also additional rental income from the flat above which is currently let for £5,200 per annum. Full financial information is available upon request.

BUSINESS RATES

The business currently benefits from small business rates relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This nicely presented property and well established business occupy an enviable trading position in a busy area of Oldham. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the existing business further with the introduction of new services and longer opening hours, possibly a website and strong marketing drive. However, the premises offer a range of possibilities for a new owner to fully let or occupy the property personally. The business space can be extended and would suit a range of other businesses depending on requirements. Early viewings are strongly advised. Fixtures:
Mirrors

Chairs

Counter

Till
Trading hours:
MON - FRI: 09:00 - 18:00
SAT: 08:00 - 16:00
Tenure:
Freehold
Is accommodation included?:
BUILDING LAYOUT AND DESIGN
The Traditional Barber Company operates from the ground floor of a spacious end terraced property on a busy road. The business has large branding and signage on display to the side of the building with corner entrance. Inside, the main salon is very well presented with four mirrored cutting stations and one backwash sink. There is also a customer service counter and comfortable waiting areas. To the rear of the main salon is a storage area and toilet facilities – this area could be redesigned to extend the business space if required.

The first floor of the property comprises of two large bedrooms, a lounge, fitted kitchen and family bathroom. The accommodation has its own separate entrance.

Location Details:
Oldham
Listed by:
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