Leisure/hospitality for sale in Newhall Street, Birmingham B3

Kb Roman are pleased to present a wonderful opportunity to purchase a running business with huge growth potential based within prime Birmingham City Centre. The business currently generates strong revenue which can easily be increased.

Premises

This glass fronted commercial units sits below 180 apartments based in Birmingham City Centre. The premises benefits from 360 degree glass frontage offering a huge amount of natural light. The unit has been completely recently refurbished to a very high standard boasting custom glass walls, hair dressing stations, backwash hair lounger, pedicure booth, reception desk and manicure station. The unit also comprises custom leather seating and stylish decoration throughout. The unit comprises a fully fitted WC and kitchen area with storage facilities and additional storage space.

Location

Based in Birmingham City Centre, the unit is based beneath an 180 unit luxury apartment building, neighbouring are 1000s of apartments buildings such as Millenium Apartments, Islington Gates Fleet Street and many more. Birmingham City Centre has seen a huge influx of new residents in line with expansion of the City Living Plan and this is reflected in the footflow and demand for personal care services. Pare Hair Club has received an amazing response from the local market.

Business

The business is run by a strong management team with great plans for growth and the lease is sold with all updated epos till systems, supplies, equipment and materials constituting towards the goodwill of the business. Further information can be made available on request. The business has been valued conservatively offering a 65% ROI in respect to the purchase price. With the growth plans, an intending purchaser can very easily generate 262% ROI within the first year!

Lease

The property is available by way of a Fri Lease that can be granted on a long term basis. Interested parties must satisfy themselves in respect to information received. Further information will be made available upon request.