Barber Shops for sale in Maidstone

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John Peacock (Feb 2017)
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Leasehold Price: £149,999 Price Reduced Turnover: £236,000 Gross Profit: £230,000
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Business Description
Hilton Smythe welcomes to the market Jagged Edge 2.

Jagged Edge 2 is a Hair Salon/Barbers that been established for 5 years.

The barbers service includes;

• Cut
• Dress
• Groom
• Style and shave to men’s and boys' hair

The Business also provide a cut and style service for women and girls hair.

Due to the service the current owner provides and their prominent location, this salon is extremely busy and quite often customers are happy to wait to have their hair cut here and can be seen queing outside the premises.

The current owner is now selling this very profitable business as they are relocating out of the UK.

Scope to Improve;

• New advertising and marketing campaign
• Explore online discounters such as Wowcher and Groupon
• Maximise the use of social media
• Introduce loyalty scheme

Hilton Smythe highly advise early viewing to avoid disappointment.

LOCATION, LOCATION, LOCATION! Jagged Edge 2 is prominently located just inside the entrance to the Chequers Mall Shopping Centre in Maidstone.

Maidstone is a large, historically important town in Kent, of which it is the county town.

The River Medway runs through the centre of the town, linking it with Rochester and the Thames Estuary.

The town, part of the borough of Maidstone, had a population of 113,137 people in 2011 and is ranked in the top five shopping centres in the South East of England for shopping yields.

Jagged Edge is ideally located near three train stations, Maidstone, East, Maidstone West and Maidstone Barrack which are between 0.7 and 1.5 miles from the business premises.

They are all mainline train station, which operate a Southeastern service calling at stations such as London Victoria, Charing, Ashford, Swanley and Bromley.

Full length windows and glazed sliding doors to front creating a light airy and inviting interior.

As you enter the premises you are greeted with tiled flooring and 2 salon chairs to the right, 2 salon chairs to the left and 1 salon chair at the rear of the premises, all salon chairs have full length fitted mirrors in front of them.

To the rear right-hand side is the washing station for customers to get their hair washed prior to having it cut, then next to this is the till system.

The premises benefits from a multi-storey car park which provides ample parking for customers to use.

● 5 x salon chairs
● 5 x full-length mirrors
● 5 x trollies
● 1 x hair washing stations
● Tabletop microwave
● 1 x computer system
● Shutters

This business is a Leasehold opportunity, with 3 years remaining from the original 10 years, the current owner has advised that this can be renewed by the new owner back to the full 10 years.

We are advised the rent is currently £22,300 per year with no rates currently payable.

The salon is currently open everyday

Monday-Saturday – 9.00 am-5:30 pm

Sunday – 10.00 am – 4.00 pm

The current owner runs and manages the business along with 4 other Barbers/Hairdressers who rent the chairs.

Financial Profile
We are advised the business has;

Turnover of £236,000
Gross profit of £230,000
Net profit of £150,000
Asset value of £10,000
SAV value of £600

Tenure: Leasehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

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