For Sale
Long Standing Barbers/Hairdresser Business
Normanton, West Yorkshire
- Asking Price: £14,950 +SAV
-
Turnover:
The Business reports a turnover of around £66,000 with extra income from chair rentals.
Please quote reference B05628
- Tenure: Leasehold
*** OPEN TO OFFERS ***
Please quote reference B05628
Hilton Smythe is delighted to introduce to the market this well presented barbers/hairstyling business, located on High Street, Normanton. The business has been established for over 32 years and has an excellent reputation with the area. Only now does the business come to market as out client is looking to retire and spend more time with family.
The business is very well known in the area with great support from the local community, benefiting from lots of word of mouth recommendations along with a loyal and regular client base.
The business currently trades 6 days and generates and income of £66,000 pa.
The premises are extremely well presented with stylish décor with a good level of modern-day equipment to suit the trade. With waiting area seating, 4 barbers’ stations, 1 ladies hair station and back wash.
The building provides ample space to expand should the purchaser desire, the 1st floor is currently used as storage, however there is plenty of space to use as living accommodation or to create beauty rooms.
There is ample scope to increase the turnover should the buyer desire such as pushing advertising, leaflet dropping, opening longer hours, employing another barber or renting out a barber’s station, and utilising social media.
Reasons to buy
- Huge building with low rent
- Excellent location with parking
- Low over heads and rates exempt
- 32 years established
- Large client base of regular trade
- Lots of Scope to expand
Owner ran with 3 barbers on chair rental agreements and 1 full time apprentice.
Monday 09.00 – 17.00
Tuesday 09.00 – 17.00
Wednesday 09.00 – 14.00
Thursday 09.00 – 17.00
Friday 09.00 – 17.00
Saturday 07.30 - 14.00
Sunday Closed
The business is located on High Street, Normanton.
The business is surrounded by a wealth of complimentary shops and businesses benefitting from a high volume of footfall and passing trade.
The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property.
There are several railway stations nearby. Also, there's a main bus link to and from surrounding towns.
The area is also well served by the A-roads, the salon is within easy driving distance of the business, which links to the M62/M1 or A1 motorway network.
Due to the location the shop has plenty of footfall, there is ample pay and display parking within the proximity
Lower ground
Basement – used as storage
Ground floor
Large waiting area with seating and glass display stand
4 barber’s stations
Ladies salon with backwash system
1st floor
WC
3 large rooms currently used as storage but could be converted into living accommodation or beauty rooms
2nd floor
Attic used as storage
The business is fully equipped to suit the trade.
The sale includes
4 barber’s stations with Belmont chairs and mirrors
Waiting area seating
Back was system
Hydraulic chair
Glass display cabinet
stock at value is iro £400 - £500
Premises are circa 65sqm.
Tenure
Leasehold with 1 year remaining on the current lease - annual rent of £6,000.
The building is council owned, the lease is renewable and the term negotiable.
The business further benefits from being rates exempt.
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Hilton Smythe have their very own independent commercial finance broker Hilton Smythe Finance who can help with raising the money to buy your new business.
Representative Example
Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
Rates may differ as they are dependent on individual circumstances. Subject to status.
