Retail premises for sale in New Green Street, South Shields NE33

£129,999
Retail premises for sale
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Property description

Business
Please quote reference B06183

Hilton Smythe welcomes to the market an exciting opportunity to acquire on a leasehold basis a long-standing hairdressing supplies business with an excellent reputation.

D&M Hairdressing Supplies has been under the careful and meticulous ownership for our client for almost 32 years, and who have over this time grown the business to where it is today. The business has only now come to the open market as it is our clients desire to leave the industry after many happy and successful years of trading.

The business supplies a vast array of hairdressing, beauty and cosmetic products to many of the salons and beauticians locally and further afield and have built up an excellent client base that has stayed loyal to the business as a result of their expert industry knowledge, backed up with fantastic levels of customer service, a true testament to the calibre of business on offer. They currently trade on a 75% wholesale and 25% retail sales split.

We feel there is scope to increase the turnover by undertaking a robust marketing campaign via local press and social media, along with extending the opening hours, introducing some additional retail lines, along with the introduction of a dedicated website to help further promote the business and perhaps offer a click and collect service.

Very rarely do such long standing and well-established businesses come to the open market therefore, early viewing must come highly recommended to avoid disappointment.

Location
The business is located in the popular north east coastal town of South Shields, positioned at the end of a parade of commercial premises within the New Green Street area of the town. The business is surrounded by a host of complimentary independent retailers leading to a good level of footfall and passing trade for the popular business.

The business lies a short distance from South Shields town centre, that is well serviced in terms of local amenities including, transport links to the town, nearby shops, schools and the A194 for commuting north and south bound.

Premises
The business is located in a ground floor double fronted commercial premises, briefly comprising-

Main shop floor area with service counter along with various central display areas along with wall mounted displays around the walls, there is also a separate office area within the premises, staff w/c facilities located to the rear and ample storage.

The premises further benefits from electric heating, new LED lighting, alarm system, along with prominent signage

Tenure
We are advised that the business is being sold on a Leasehold basis, with 7 years remaining on the 21 year lease. The rent is £516 per month.

Hours
The business hours are -

Monday – 09:00 – 16:00
Tuesday – 09:00 – 16:00
Wednesday – 09:00 – 16:00
Thursday – 09:00 – 16:00
Friday – 09:00 – 16:00
Saturday - Closed
Sunday - Closed

Staff
We are advised that the business has 2 full-time staff members.

Financial Profile
We are advised as per the 2019 accounts, the business generated a turnover in the region of £175,000. Full financials can be made available upon further request.

Please quote reference B06183

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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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Disclaimer

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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