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Hairdresser / Barber Shop for sale

Shrewsbury Road, Craven Arms, Shropshire, SY7

Leasehold 23 sq. m. | £29,000

Property Description

Commercial information

  • Business for sale
  • 247 sq ft (23 sq m)

Key features

  • REF 12397
  • LEASEHOLD
  • BARBERS

Full description

Tenure: Leasehold

LOCATION
The Barber Shop occupies substantial ground floor premises, ideally located on the very busy Shrewsbury Road, within the town of Craven Arms, Shropshire. The property is situated in a popular retail area and is surrounded by a wealth of complimentary shops and businesses, therefore benefiting from a high volume of footfall and passing trade. The business further benefits from free off street parking facilities to the front of the premises.

Craven Arms is a small market town and civil parish in Shropshire, situated on the A49 road and the Welsh Marches railway line, which link it north and south to the larger towns of Shrewsbury and Ludlow respectively. The town boasts a number of shops, banks, a supermarket and many light commercial industrial businesses. Craven Arms is a popular tourist destination, being home or nearby to a number of attractions, and being central for visitors to the area of outstanding natural beauty. The town is going through a phase of expansion with the local council stating that it expects it to be the second largest town in the county by 2026.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. Craven Arms railway station is just a five-minute walk away. The area is also well served by the A-roads, with the business situated on the A49, which links to the national A-road and motorway networks. Leominster is approximately 20 miles away and Shrewsbury is 23 miles away.

BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established men's hair styling business, ideally located within the town of Craven Arms, Shropshire.

The business was established approximately 30 years ago and has been in our client's careful ownership since 2009. Only now is the business being offered to the market due to our client's desire for a well-deserved retirement. The business currently operates 6 days per week and generates a turnover in the region of 45,100 per annum, with a good gross profit, according to the 2016 accounts.

Our client provides a professional walk-in service, offering classic/traditional hairstyling to modern/contemporary hairstyling, as well as luxury hot towel shaves. The premises offer approximately 23 sq. metres of floor space, is very well maintained and decorated to a very high standard.

The business has built up an excellent reputation within the area for the high quality of the services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel there is scope to increase the turnover by extending the opening hours. A new owner could also embark on a modest marketing campaign to highlight the services offered. The business would also benefit from a website to promote the business, which could incorporate online booking facilities.

This is an excellent opportunity for acquire a well-established and busy barber's business; therefore, early viewing must come highly recommended to avoid disappointment.

PREMISES
Substantial ground floor premises in an ideal trading location; briefly comprising:

Salon with:

Feature bay window.
Wood effect laminate flooring.
3 x styling stations, each with its own chair, mirror and electrical sockets.
Pedestal sink with Triton shower attachment.
Wall-mounted storage cupboards.
Alcove shelving.
Customer seating/waiting area.
Alcove cupboard with microwave oven.
Shelving.
Tea/coffee making facilities.

TENURE
We are advised Leasehold:

Currently a rolling lease.
Rent: 2,208 per annum

HOURS
The business is open:

Monday - Wednesday: 9.00am - 5.00pm
Thursday: 9.00am - 7.00pm
Friday: 9.00am - 6.00pm
Saturday: 8.30am - 4.00pm
Sunday: Closed

STAFF
The business is owner run and managed with 1 x full time and 1 x part time staff members.

FINANCIAL PROFILE
The business generates a turnover in the region of 45,100 per annum, with a good gross profit, according to the 2016 accounts.


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