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Established Hair Salon & Barbers Wigan

Wigan, Manchester
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Established Hair Salon & Barbers - WiganEstablished Hair Salon & Barbers - WiganEstablished Hair Salon & Barbers - WiganEstablished Hair Salon & Barbers - WiganEstablished Hair Salon & Barbers - Wigan
  • Leasehold: £75,000
  • Turnover: £133,248 £2,562 Per week
  • Net Profit: Not Applicable

Business Details

    Prominent Main Road Location

    Accounts Available Year End 31st March 2022

    Annual Turnover £133,248

    Accounts Available After Viewing

    Established 2020

    Refurbished 2020

    5 Hairdressing & 3 Barbering Stations

    Free Parking

    Fantastic Online Reviews

    Strong Social Media Following

    Potential For Marketing Drive

    Scope For Online Presence

    Scope For Beauty Services Within 1st Floor

    Potential For Longer Opening

    EPC - C & TBC

Description:
REF 7835 – Leasehold Hair Salon & Barbers
Blacks Business Brokers are pleased to bring to the market this leasehold hair salon & barbers located in Orrell, Wigan.

INTRODUCTION
Creations Hairdressing & Barber was established by our client in this busy area of Orrell in 2020. Previously a similar business had operated here for a number of years and our client refurbished the business prior to reopening. The business offers both ladies hairdressing and barbering services and has become very well known in this area with has a strong base of regular customers in place. Our client has ensured the business has an excellent reputation and superb reviews are noted online. Creations Hairdressing & Barber has a strong social media following.

LOCATION
Creations Hairdressing & Barber occupies a main road trading position in a densely populated residential area. There are also a number of schools, takeaways, convenience stores and other local amenities nearby and the area is well linked by the M58 and M6. Orrell has strong public transport links and free roadside parking is available in the immediate area.

REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but sadly due to our client’s other business interests being higher than anticipated, 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 lease (FRI lease). This is the most common form of commercial lease. The current lease is a five year lease which began in 2020 at a cost of £231 per week.

STAFF
The business operates with eight members of staff in employment supporting our client overseeing management of the business.

FINANCIAL DETAILS
Creations Hairdressing & Barber has traded solidly since opening and our client has established a strong repeat customer base. The accounts year end 31st March 2022 show that the business has an annual turnover of £133,248. Full financial information is available upon request.

BUSINESS RATES
Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY
This well established business occupies an enviable trading position in a sought after residential area of Orrell. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new services and longer opening hours, this paired with a strong marketing drive and new online presence could prove beneficial. 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
Creations Hairdressing & Barber operates from a spacious end terrace property on a busy road. The business has large branding and signage on display above a glazed frontage. Inside, the ground floor salon is a large open plan space with five mirrored hairdressing stations, two backwash sinks and three barbering stations. There are also toilet facilities, a staff kitchen and utility area. To the rear of the property is an enclosed rear yard. The first floor is currently used for storage, however there are two beauty rooms, a spray tan area and small kitchen – this area could easily be utilised to expand into beauty services. All areas are fully equipped and presented nicely.



Fixtures & Fittings:
Hairdressing & Barbering Chairs
Backwash x 2
Sofa
Reception Desk


Opening Hours:
MON: 09:30 - 14:30 TUE & WED: 09:00 - 18:00 THU: 09:00 - 20:00 FRI: 09:00 - 18:00 SAT: 08:00 - 16:00 SUN: CLOSED


Weekly Rent:
£231 Per Week. Weekly Rent:
£231 Per Week.
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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