Retail premises for sale in High Street, Hornchurch RM12

£24,995
Retail premises for sale
Interested in this property? Call +44 1204 351867 * or Request Details

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Property description

Business
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.



Location
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

Sunday: Closed

Staff
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 £400

For further information quote reference number B05831

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For more information about this property, please contact
Hilton Smythe Business Sales, BL1 on +44 1204 351867 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Business Sales, and do not constitute property particulars. Please contact Hilton Smythe Business Sales for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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