Long Established Hair Salon & Barbers in Wolverhampton

Wolverhampton, West Midlands
REF: INT2014

Asking Price:
£50,000
Annual Turnover:
£31,781
Annual Net Profit:
£16,344
REF: INT2014
Photo of Long Established Hair Salon & Barbers in Wolverhampton
Photo of Long Established Hair Salon & Barbers in Wolverhampton
Photo of Long Established Hair Salon & Barbers in Wolverhampton
Photo of Long Established Hair Salon & Barbers in Wolverhampton

Overview

Tenure:
Leasehold
Established:
1955
  • Very Loyal Customer Base
  • Huge Growth Potential
  • Low Overheads
  • Well Equipped Business
  • Equipment Included

The business for sale is a long-established, extremely reputable hair salon and barbershop in Wolverhampton.

First established in 1955, and under current ownership since 2004, the business has built up a fantastic reputation in the local area.

Offering haircuts and styling for men, women and children, the business now boasts a good number of positive reviews across Google, Yell and Facebook.

Now with a large and loyal customer base, a new owner would be taking on a business with solid foundations, low overheads and huge growth potential.

Available on a leasehold basis, rent is payable at a rate of £3,720 per annum with the current lease set to expire in 2023.

The business operates from an ideal location within a busy residential area. Close to complimentary businesses and local schools, there is always ample passing trade and footfall with minimal competition nearby.

The premises itself comes extremely well-equipped, with a friendly waiting area, front desk, hair stations and washbasins. There is also an additional room currently utilised as an office space.

All of the relevant fixtures, fittings and equipment are to be included in the advertised sale price – allowing a prospective purchaser to continue trading right away.

Should it be required, the owner has advised they would be happy to offer a transitional handover period.

Best suited to a trained barber or hairdresser, this is an exciting opportunity to step out and become your own boss.

There are a number of ways in which this business could be grown further. Whilst the barbershop does have an online presence, expanding on this would be extremely beneficial. A brand refresh, modernised website and an increased focus on social media would be a great way to attract new customers.

A new owner could also look to expand the business’s service offering, such as adding hair colouring, conditioning treatments and even beauty services to their arsenal.

Features

Key Information

  • Treatments Offered: Hair - Ladies' Cuts, Hair - Men's Cuts, Hair - Styling

Online Presence

Location

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  • Residential Location
  • Close to Local Businesses
  • Close to Schools
  • On-Site Car Parking
  • Limited Competition

Property

Annual Rent
£3,720
Annual Rates
TBC
Lease Term (Years)
6
Lease Expiry (Year)
2023
Accommodation Included
No
EPC Rating
TBC

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

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