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Hairdresser / Barber Shop for sale

Chancery Lane, St. Helens, Merseyside, WA9

44 sq. m. | £29,995

Property Description

Commercial information

  • Business for sale
  • 473 sq ft (44 sq m)

Key features

  • REF: 1033

Full description

Tenure: Leasehold

Hilton Smythe Commercial are pleased to introduce to the market Johns His and Her hairdressers which was established by our clients over 25 years ago, and is now offered, genuinely for sale as our client wishes to retire. The principal activities of the business lie in the cutting and styling of both male and female hair, from the business premises.

The business has enjoyed, good, consistent profitability over its trading history, and our client has worked tirelessly to maintain an enviable reputation locally with countless loyal customers.

Despite the tireless efforts of our client there is scope to develop the business further through the introduction of other beauty services, one example of this would be the introduction of a nail bar.

As the business is well established with a very healthy profit, this would make the ideal, low risk, investment for anyone looking to take on their first business.

John His and Hers Hairdressers is ideally located on the busy A572, in the popular residential area of St Helens, on a small retail parade. The business benefits from being at the hub of a densely populated residential community, and further there is ample parking to the front of the business and over the adjacent road.
The premises consists of a good sized retail area, which is tastefully decorated and maintained to high standard. Upon entrance, there is small customer waiting area and reception, a total of 5 workstations all individually fully equipped, 2 hood dryers, 1 forward facing and 1 backward facing sink for the washing of hair. Floor space is approximately (6.55m x 4.85m)

To the right of the premises there is access to a small kitchen area and WC. Floor space is approximately (2.6m x 2.2m)

The business is offered on a leasehold basis, of which 6 years remain, from the original 7 years.

We are advised yearly rental is 3,100, which is excellent for this size of retail space.

The business currently trades
Tuesday, Wednesday & Friday 09:00 - 17:00
Thursday 09:00 - 18:00
Saturday 08:30 - 16:00

There is obviously scope to extend the opening hours, for example opening later on Saturdays to take full advantage of evening trade or opening the salon on Sundays or Mondays as we are advised other salons in the area do not open on Sundays and Mondays.

The business currently employs 3 members of staff, who collectively work a total of 6 days, plus the owner on each trading day. We are advised the current weekly wages cost in the region of 320 per week

The businesses current turnover in the region of 40,000 per annum and enjoys a gross profit of 92%.

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