Commercial Property for saleColville Drive, Bury, Lancashire
Offers in Region of £16,500
- Business for sale
Situated in an excellent trading position in a small but very busy suburban shopping parade to the west of Bury Town Centre (which is approximately 1.3 miles away) is this superb barbers shop.
The property is located just off the main Bury to Bolton road in a well-established and popular residential estate with free on street parking available immediately outside.
Established in October 2010, it has traded successfully since then, showing steady growth year on year. Running costs are relatively low and inherent profit is consequently very strong.
The business has effectively been run with one person since inception providing significant potential for growth. There are three workstations in the shop plus a backwash and use of these additional spaces would significantly increase the turnover of the business.
The business is being offered for sale purely as a result of a change in personal circumstances of the current owner.
2013 - £18,536.00
2014 - £20,478.00
2015 - £22,569.00 (projected)
The customer profile of the business has developed significantly over the trading period and the number of repeat customers now numbers into the hundreds. The location provides a good level of walk in trade and as already stated, there is significant scope for growth.
The majority of the turnover is derived from cuts with very low product sales, providing further scope for expansion.
Internally, the shop comprises of a large, open plan area with three workstations, backwash, children's play area, reception desk and waiting area with two settees, a table for magazines etc. and a television plus WC facilities off the main room.
The current owner had considered alterations to the internal layout to provide a separate room at the rear of the property to allow for a sunbed or other male oriented beauty treatment room due to the changing face of male personal grooming which would expand the range of services on offer and this may be something which a new owner could pursue.
Decorated and appointed in mainly neutral shades, the shop feels bright, modern and airy inside and provides an ideal environment for this type of business.
The premises are available by way of a new lease. Current passing rent is £450.00 per calendar month, which includes water rates.
One two seater sofa
One three seater sofa
Black glass coffee table
Wall mounted television
Reception desk, chair and till
Wall mounted picture and canvas
Set of drawers
Three work stations, each to include wall mounted mirror, shelves and hair dryer holder
Clippers and guards
Two salon chairs
One barber chair
One back wash
Children's carpeted play area with table, chairs and toys
Shelves with cleaning products, shampoos and conditioners.
Wall mounted clock
Two hand mirrors
Fitted blinds to front window and curtains to rear window
Mon, Tue, Wed, Fri : 9:30am to 5:30pm
Thu : 9:30am to 7:00pm
Sat : 8:30am to 3:00pm
Ground floor shop with flat above (let separately) in busy parade of shops on a long established residential estate close to a very busy main road with good passing trade opportunities.
Size : approx 40 sq m.
Rateable value : shown as £5,200.00 on the VOA 2010 Rating List (we understand small business rate relief will be applicable leading to 100% relief under the current rating scheme - interested parties should make enquiries with the business rates section).
All in all, this is a great opportunity to purchase a strong, very well supported business at a very realistic price and to build on the already very solid base which has been established by the current owner (who has indicated that they would be willing to work a hand-over period to help cement relationships with the current client base).
Asking price : OIRO £16,500 (business only - inclusive of fixtures and fittings etc. - not premises)
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