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Hair Salon And Barbers In Sunderland For Sale

Sunderland, Tyne and Wear, UK
Asking Price:
£180,000 Furniture / Fixtures included
Turnover:
£50K - £100K
Net Profit:
Available on request

• Turnover circa £50,000 per annum.
• Trading for over 4 years.
• City centre location with parking.
• Additional income from stores above.
• Scope to develop other services and treatments.
• Genuine retirement sale.
• FREEHOLD £180,000 plus stock at valuation.

Property Information

Property:

Freehold

Location:

The business and property is situated in the middle of Mary Street which is on the outskirts of the City Centre, close to the main bus and Metro stations at Park Lane Interchange.

The immediate area comprises a mixture of shops, offices and leisure operators but only a short walk away across the A1231, there are densely populated residential neighbourhoods.

Premises Details:

This business has been in the same ownership since 1977 and is being placed on the market as the owners are planning their retirement.

The business trades as a traditional ladies hair salon and gent’s barber shop which, as you would expect after over 40 years of trading, has built up a loyal and extended customer base. The ladies hair element makes up a higher percentage of turnover and The central location has the benefit of bringing in business from workers, shoppers and nearby residents and there is a genuine opportunity to modernise and develop the services offered.

The upper floor is currently let out as storage to the adjacent occupier and although this brings in a steady income, the lease is short term and new owners of the salon could look to incorporate this space back into the salon.

Property:

Comprises a two storey mid terraced property of traditional brick construction with a slate roof over. Accommodation;

Ground Floor with street access leading into;
Salon Area extending to circa 380 sq.ft. (35 sq.m) and set out with a reception desk and 8 cutting stations.
Stockroom
Kitchen
W.C.

First Floor (currently generating £115 per week).
With separate front and rear street access and ;
Lobby Area
Room 1 circa 227 sq.ft. (21.1sq.m.).
Room 2 circa 171 sq.ft. (15.9 sq.m.).
Kitchen
Toilets

Energy Performance Rating:
C

Business Operation

Reasons for selling:

Retirement sale.

Trading hours:

Monday - Thursday 8:30 am - 5:00 pm
Friday 8.30 am - 6.00 pm
Saturday 8:00 am - 6.00 pm
Sunday closed

Employees:
Currently ran by the owners with the help of 2 full time members of staff.
Years established:
Since 1977

Contact North East Commercial

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