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Popular Hair Salon And Barber Shop In Sutton Coldfield For Sale

Sutton Coldfield, West Midlands, UK
Asking Price:
£21,950 Furniture / Fixtures and Inventory / Stock included
Turnover:
£52,000
Net Profit:
Under £50K

City Business Brokers are pleased to bring to the market this well-known business which was established 30 years ago.

It now only comes onto the market due to unforeseen circumstances elsewhere.

This is a well-established and highly regarded concern, which enjoys all the considerable commercial advantages of a fantastic and much sought-after trading position among other complementary outlets in a fashionable, well-populated area of north Birmingham.

Operating from superbly fitted and presented ground floor salon premises, the business is currently primarily equipped to the very highest industry specifications for the provision of a full range of traditional and contemporary hair design and grooming for both men and women.

Trading Hours: 5 days 10.00am-6.00pm
Staff: Owner, 1 Part Time and 1 Self-employed Barber (income generated)
Rent: £16,500 per annum
Lease: Current lease expires 2027 or a New Lease of 5 to 10 years is available
Business Rates: Zero

Turnover amounts to approx. £52000 pa

These substantial and extremely well-maintained premises measure 70 sq metres and provide truly outstanding and highly functional internal Business Accommodation including 10 Workstations, Laundry Room, Staff Room, Toilets and first floor Storage area. There is parking for 4 cars at the front of the premises.

The business is well fitted throughout and a valuable inventory of equipment and fixtures and fittings, to include air conditioning unit and security shutters, will be included in the sale.

The business would benefit by adopting a more vigorous marketing policy to showcase its excellent facilities and services, which could be achieved by creating a dedicated website along with its current Facebook presence. The new owner might consider opening 6 or 7 days and extending the opening hours to maximise earning potential. Ideally, the business should be owner-run.

Property Information

Property:

Leasehold

Leasehold Rent:

£16,500 per annum

Location:

Busy Parade of Shops in the Four Oaks area

Business Operation

Trading hours:

5 days

Employees:
3
Years established:
25

Other Information

Support & training:

Handover period guaranteed

Furniture / Fixtures value:
£3,000 - included in the asking price