Ref 7103 – Leasehold Barber Shop
Blacks Brokers are pleased to bring to the market a leasehold barber shop located in Wolverhampton, West Midlands.
Fades and Blades was established by our client in this popular residential area of Wolverhampton in 2015. The business offers a range of barbering service for men, women and children. It has become very well known in this area and has a strong base of regular customers as well as benefitting from a huge amount of passing trade due to this excellent location. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google, Booksy, Yell and Facebook. Also Fades and Blades has a strong social media following.
Fades and Blades occupies a main road trading position within a parade of shops. The area is densely populated residentially and commercially with neighbouring businesses including independent retailers as well as large multiples such as The Co-op and Greggs. There are also a number of schools nearby and the closest competition is over a mile away. The area is well linked by the M6, M5 and M54 with very strong public transport links and free parking is available in the immediate area.
The business is ideally suited to a hands-on owner-operator. Due to our client’s other business commitments being higher than anticipated and a relocation to London, 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.
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 contract which began in 2015 at a cost of £192.23 per week. A new lease will be fully negotiated with the landlord.
The business operates with three full time, self employed members of staff supporting our client.
Fades and Blades has traded consecutively since opening and our client has established a strong repeat customer base. The rental income from the barber chairs is £14,372 per annum.
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with the relevant local authorities to confirm the rates payable.
This busy and well established business occupies a birlliant trading position in a bustling area of Wolverhampton. 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, longer opening hours, possibly beauty services or ladies hairdressing. A website could also be beneficial as well as a strong online marketing drive. 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. Business: £29,950.
Please quote ref: 7103