Ref 7835 – Leasehold Hair Salon & Barbers
Blacks Brokers are pleased to bring to the market this leasehold hair salon & barbers located in Orrell, Wigan.
Creations Hairdressing & Barber was established by our client in this busy area of Orrell in 2020. Previously a similar business had operated here for a number of years and our client refurbished the business prior to reopening. The business offers both ladies hairdressing and barbering services and has become very well known in this area with has a strong base of regular customers in place. Our client has ensured the business has an excellent reputation and superb reviews are noted online. Creations Hairdressing & Barber has a strong social media following.
Creations Hairdressing & Barber occupies a main road trading position in a densely populated residential area. There are also a number of schools, takeaways, convenience stores and other local amenities nearby and the area is well linked by the M58 and M6. Orrell has strong public transport links and free roadside parking is available in the immediate area.
The business is ideally suited to a hands-on owner-operator but sadly due to our client’s other business interests being higher than anticipated, 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 lease which began in 2020 at a cost of £231 per week.
The business operates with eight members of staff in employment supporting our client overseeing management of the business.
Creations Hairdressing & Barber has traded solidly since opening and our client has established a strong repeat customer base. The accounts year end 31st March 2022 show that the business has an annual turnover of £133,248. Full financial information is available upon request.
Purchasers should enquire with relevant local authorities to confirm the rates payable.
This well established business occupies an enviable trading position in a sought after residential area of Orrell. 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 and longer opening hours, this paired with a strong marketing drive and new online presence could prove beneficial. 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: £75,000.
Please quote ref: 7835