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Gents Barbers And Ladies Hair Salon For Sale

West Midlands
Asking Price:
£14,000
Sales Revenue:
£53,000
Cash Flow:
£38,000

Description:
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.

Property information

Property:

Leasehold

Lease Terms:

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.

Business Operation

Reasons for selling:

Retirement Sale.

Years established:
30+

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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