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Well Established Barbers Salford

Salford, Manchester
Status
FOR SALE
Advert ID
252861
Reference
7016 / Rightbiz
0161 763 5000
Leasehold Price: £29,995
Annual Turnover: £70,000
    Main Road Trading Position

    Annual Turnover £70,000

    Gross Profit £50,000

    Full Financial Info Available After Viewing

    New Lease To Be Negotiated

    Established 1970

    Retirement Sale

    Close To City Centre

    Free Parking In The Immediate Area

    Additional Work Space On Upper Floors

    Potential To Introduce Rent A Chair

    Potential For Beauty Treatments

    Owner Willing To Rent A Chair - 3 Days A Week

    EPC – C

Description:
REF 7016 – Leasehold Long Established Barbers
Blacks Business Brokers are pleased to bring to the market this leasehold barbers located in Salford, Greater Manchester.

INTRODUCTION
Geoff & Steve Ltd was established in 1970 and our client took ownership in 1989. With such an impressive trading history, the business is very well known. It has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this main road trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google, Yell and Facebook.

LOCATION
Geoff & Steve Ltd occupies a main road trading position within a parade of shops and offices. The area is well populated residentially and commercially with neighbouring businesses including many independent retailers and large multiples such as Lidl and Tesco. There are also a number of schools and large housing estates nearby as well as Heaton Park and Prestwich Golf Club. The area is well linked by the M60, M66 and M62 with strong public transport links and parking is available in the immediate area.

REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to our client’s retirement, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE
The building is available on a Full Repair and Insure (FRI) lease, this is the most common form of commercial lease. A new lease will be fully negotiated with our client, this will run at a cost of only £250 per week.

STAFF
The business operates with our client only in employment.

FINANCIAL DETAILS
Geoff & Steve Ltd has traded solidly since opening and our client has established a strong repeat customer base. We are advised that the business has annual turnover of £70,000 and gross profit of £65,000. Full financial information is available upon request.

BUSINESS RATES
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY
This is a long established and very well known barbers which occupies a superb trading position and has a strong base of regular customers in place already. There is plenty of scope to develop the business further with the conversion of the upper floors, introduction of new services such as beauty or tattooing. There is also potential to rent the chairs, our client has shown an interest in renting a chair back from the new owner on a part time basis. A new owner may prefer to convert the upper floors to use as accommodation. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Accomodation:
BUILDING LAYOUT AND DESIGN
Geoff & Steve Ltd operates from the ground floor of a spacious mid terraced property on a busy main road. The business has large branding and signage on display above a glazed frontage. Inside, the main barbers salon is well presented and fully equipped. To the rear of this is a second, slightly smaller salon which is used for hairdressing. In total, the two salon areas have seven mirrored cutting stations and two back wash sinks.

The first floor comprises of toilet facilities and two empty storage rooms – these could easily be converted into extra business space of used for accommodation for a new owner. The second floor is also currently empty, again this could be used for additional business space such as treatment rooms for beauty or a large bedroom for a new owner.

There is also a cellar currently used for storage and an enclosed back yard.



Fixtures & Fittings:
Back Wash x 2
Fitted Styling Stations x 7
Shutters


Opening Hours:
MON - FRI: 07:30 - 17:00SAT: 09:00 - 17:00SUN: CLOSED


Weekly Rent:
£250 Per Week. Weekly Rent:
£250 Per Week.
Listing Details
Location: Salford, Manchester
Marketed By: Blacks Business Brokers Limited
Sector: Barbers, Engraving Businesses
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Advert Reference: 7016 / Rightbiz

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