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Hairdresser / Barber Shop for sale

Cambridge Street, Glasgow, G3

£9,950
51 sq. m.

Property Description

Commercial information

  • Business for sale
  • 548 sq ft (51 sq m)

Key features

  • REF 2201
  • THIS IS A LEASEHOLD BUSINESS

Full description

Tenure: Leasehold

LOCATION
Fusco`s Hair Design Ltd occupies substantial ground floor premises, ideally located on a very busy main road in the City of Glasgow, Scotland. The premises benefit from ample parking facilities within the vicinity and are surrounded by a range of complementary shops and businesses, therefore benefitting from a vast amount of footfall and passing trade. Glasgow is the largest city in Scotland and the fourth largest in the United Kingdom, after London, Birmingham and Leeds. As of the 2011 census, the city had a population density of 3,395 people per square kilometre.

The business is opposite Cambridge Street car park and just a two minute walk from Cowcaddens underground station. The area of the business is well served by the public transport system, with several bus stops within close proximity to the property. The nearest railway station is less than a mile away from the business. The area is also well served by the A-roads and motorway system, with the M8 within easy driving distance. Paisley is approximately 9 miles away and East Kilbride is 11 miles away.

BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established and very popular unisex hair salon business in Glasgow, Scotland. The business was established in 1950 and has been in our client`s careful ownership since 1994. Only now is the business being offered to the market due to our client's desire for a well-deserved retirement. The business operates 6 days per week and according to the 2016 accounts, generates a turnover in the region of 54,000 per annum, with a gross profit of approximately 95%.

Our client offers unisex hairdressing services, including colouring, cutting, styling eyebrow waxing and ear piercing. The premises are well-equipped to suit the trade and have been fitted to a high standard throughout. The property boasts a spacious salon area with a reception area, eight workstations and two backwashes. The business has an excellent reputation within the area for the high quality services offered, which has resulted in a very loyal client base, with a lot of repeat trade and word of mouth referrals.

We feel the turnover could be increased by being run by a hands on owner/manager. A new owner could also embark on a small marketing campaign to promote the business and the services offered. There is also scope to launch a website for the business to advertise the services offered. This is an excellent opportunity for a new owner to take this already thriving business to the next level; therefore early viewing must come highly recommended.

PREMISES
Ground floor, mid-parade, lock-up premises, briefly comprising:

Main salon area with:

Reception area with desk, telephone and electronic cash register.
Customer waiting area.
Product display units.
8 x cutting stations with chairs and mirrors.
2 x backwashes.

To the rear:

Small kitchen area.
WC with wash hand basin.

External:

Good signage.

TENURE
We are advised Leasehold:

Original lease length: 17 years
Remaining lease length 2 years
Rent: 13,500 per annum

HOURS
The business is open:

Monday - Saturday: 9.00am - 5.30pm
Sunday: Closed

STAFF
The business is owner run and managed with 3 x full time and 2 x part time Saturday staff members.

FINANCIAL PROFILE
According to the 2016 accounts, generates a turnover in the region of 54,000 per annum, with a gross profit of approximately 95%.


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