Please Quote Reference B05831
Hilton Smythe welcomes to the market First Class a barber shop that was established by our client in 2014. Our client is looking to sell due to family reasons.
The salon has 3 barber chairs and carries out a traditional barber service including hair cutting, beard trims, wet shaves and also sells retail hair products. The prices are one of the most competitive within the area with haircuts from £12.
There are many opportunities to expand the business by utilising the rear storeroom and either adding more barber stations, adding hair washing facilities or changing the business to a unisex salon incorporating beauty treatments.
The business has many returning customers and at the time of instruction has good reviews on Google and Yell.
There is scope for further development of the business by considering the following:-
- Creating social media pages to promote the business.
- Creating a web site to promote the business.
- Utilising the storeroom to the rear for further barber stations or to create a unisex salon or perhaps a beauty treatment room.
First Class is a barber’s is located in Hornchurch, Essex on High Street, close to the main shopping area within the town, therefore, having a strong passing trade from shoppers and local residents.
The business has distinctive fascia signage and allocated staff parking to the rear of the shop for one member of staff. There are many local car parks close by.Premises
The barber shop circa 51sq m, is entered directly off the High Street.
The salon has tiled flooring, a storage cupboard and display for retail products.
Three barber stations with mirrors and barber chairs
Off the main barber shop area is a large room currently used as a storeroom, within this area is a fridge freezer and a children’s barber chair in the form of a racing car. To the rear of this room is access to the parking space to the rear.
Off the main salon area is access to the staff kitchen and toilet facilities.Tenure
We are advised the business is being sold as a leasehold business opportunity with a 15-year lease from 2017.
The annual rent is £14,500 and we have been informed that the premises has small business rates relief, therefore, no business rates are payable.Hours
The business opening hours:
Monday – Saturday: 10am – 7pm
The business is run and managed by our client, with the help of 2 members of staff.Financial Profile
First Class generates an advised turnover of circa £75,000 per annum.
The assets being sold with the business are worth I the region of £3,500
The average stock value is in the region of £400For further information quote reference number B05831