Leasehold Barber Shop, Weston Super Mare For Sale

Business description

Phoenix Business Transfer Agents are delighted to place onto the market this exceptionally profitable Barber shop. It has been established for over 50 years and our client has owned the business since 1996.

The concern provides a gentleman’s hair cutting service and charges between £4.50 (for pensioners) up to £7.00. Our client runs the business on a full time basis along with the aide of 3 full time self employed personnel. Each employee pays £300 per week for 5 day rental of their chair.

Our client wishes to sell the business due to other business interests.

This business enjoys an exceptionally good reputation locally being the premier business of it’s kind in the area. It is a recession proof business which is very easily run. Although our client chooses to work on a full time basis the business could easily be fully managed.

The potential of this business is huge. The rear of the premises is ideal for extending the shop to offer 8 chairs. This could be done with an investment of approximately £5,000. Further there is potential to open late nights and on Sundays therefore increasing the turnover further.

Our client would be available for a business familiarisation period if required.

Property information

Property:

Leasehold

Lease terms:

The original length of the lease is 10 years with 4 years remaining. The rent is £7,200 per annum.

Living accommodation:

Property Details This very well presented business has a large laminated glass front which is branded. Ground Floor The main cutting studio is approximately 40sq metres with a newly laid laminated floor. There are 4 fully equipped work stations as well as a seating area for clients. There is a large room to the rear which could easily be used to extend the number of work stations to 8. Further to the rear is a toilet and fire exit. There is also a staff kitchen. Financial Details At present the turnover of the business is approximately £60,000 which yields a net profit to our client of approximately £40,000. The equipment and fixtures and fittings are valued at approximately £15,000. With the suggested extension of the business the turnover could be doubled to approximately £120,000 which would then yield a net profit of £80,000. This would also make the business easily manageable as all the self employed personnel are self motivated.

Location:

This very well presented business opportunity is situated in the town centre of Weston Super Mare in Avon. It enjoys a very prominent location being on the crossroads of 2 main arterial roads. It enjoys a huge foot flow of pedestrians and high traffic flow. It is in the main commercial area of the town with Tesco lying very close by.

Weston Super Mare itself is a tourist attraction and being a costal resort has excellent lifestyle opportunities. It is very well linked with the rest of the country via the M5 motorway.

Other information

Support & training:

Our client would be available for a business familiarisation period if required.

Reasons for selling:

Our client wishes to sell the business due to other business interests.

Trading hours:

This barber shop is open from 8.30am until 5.30pm Monday – Friday and form 8.00am until5.00pm on Saturday.