The Business Partnership are very proud to be marketing for sale this long established gents barbers and ladies hair salon, based in an affluent West Midlands region to the south side of Birmingham. The business is significantly reduced to encourage a quick sale!! All serious offers will be considered.
The business is very profitable. The owner ticks over at just over £50k per year and adjusted net profit over £38k.
The business is very well known in the region and commands a prominent position in a sought after location with excellent parking. There are a wide variety of other high quality retail businesses close by, that help draw footfall to the area, and only minimal competition locally. The owners are now looking to sell after 30+ years of trading in the region.
The salon takes over £1000 per week and the rent is favourable at only £7,000 per annum, zero rates payable currently. There are no staff to transfer with the business.
The owners have worked very hard over the years to build a loyal client base and are now looking to retire. A new, enthusiastic owner can maintain and grow the existing client base. There is also plenty of room in the salon for expansion and even introduction of beauty and other treatments, nails, tanning etc.
We strongly recommend a viewing of the business, for further information please contact The Business Partnership central Birmingham office.
Gents Barbers and Ladies Hair Salon
Great Location, Affluent South Birmingham Region
Highly Profitable - Turn-over £53k, GP £50k, Adjusted Net £38k
Plenty of Road Side Customer Car Parking
Attractive Lease at £7k per annum and Zero Rates through SBRR
Taking Upwards of £1000 pw with Huge Potential
Genuine Retirement Sale
The current lease is £625 per month and expires in June 2018 and the landlord will be happy to enter into a new negotiable term lease with a new owner.