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Business for sale in United Kingdom - 8787le gents barbers & grooming l/h 29,000 leicestershire open to offers
| Asking Price: | 29,000 £ |  |
Real Estate: | Lease |
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| Sales Revenue: | 23,000 £ | ||||||||||
| Net Profit: | 0 $ US | ||||||||||
| Year Established: | 2006 | ||||||||||
| Employees: | Not Disclosed | ||||||||||
| # of family members employed: | Not Disclosed | ||||||||||
| Location criteria: |
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Business types:
Services
Business categories:
Beauty Parlors & Barbershops
Business description
Advent Business Sales have been instructed to offer for sale this popular gents hair and grooming salon. Trading from is current location since 2006, the vendor has reluctantly decided to due to personal commitments. Since acquiring the salon it has benefited from a total refurbishment with all new fixtures and fittings. The business has 5 modern workstations and 1 backwash. There is capacity to add two further workstations if one so wished. Leather seating, mirrors and modern contemporary d cor adds to a good ambience and atmosphere in the salon. Our client specialises in gents grooming with regular clients coming for a traditional shave. The business is staffed by the vendor on a full time basis with the addition of a further full time and a part time employee. The vendor has advised us that a break clause in the contract, which comes in effect in 2010 could be exercised and the landlord is willing to negotiate a new lease at that precise time. Until then the business will be offered on a sub lease with the vendor to ensure continuity. TRADING HOURS Mon, Tues, Thurs & Fri: 9am 5.30pm Wed: Closed Sat: 8am 2.30pm There is excellent scope for growth, this could include incorporating a unisex salon. Adding health and beauty treatments especially for men such as head massages would compliment the business, as it would offer a fuller service FINANCIAL INFORMATION We have been advised by the vendor of the following: Annual sales: 23,000 Gross Profit: 20,000
Additional information
| Additional information: | download |
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| Support & training: | Not Disclosed |
| Reasons for selling: | personal reasons |
| Financing available: | Please let us know if you require finance for the purchase of a business, |
| Inventory / Stock value: | Not Disclosed |
Real Estate
| Ownership: | no |
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| Lease: | yes |
| Lease terms: | TENURE: Leasehold Original lease: 15 years Remaining lease: 13 years Break clause every 5 years Review every: 3 years Rent: £7,500 per annum We are advised that the annual business rates are currently: £1450 |
| Location: | Our client is located in the very heart of Hinckley town centre and benefits from a highly visible location, which has a high volume of footfall and vehicles driving past. The immediate area is surrounded by a large number of businesses ranging from small independent retailers to larger national and corporate companies. There is several pay and display car parks within walking distance |
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