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Hairdresser / Barber Shop for sale

Coventry Road, Birmingham, B26

Leasehold 121 sq. m. | £42,500

Property Description

Commercial information

  • Business for sale
  • 1,302 sq ft (121 sq m)

Key features

  • REF 3111
  • LEASEHOLD BUSINESS
  • HAIR SALON

Full description

Tenure: Leasehold

LOCATION
This immaculate hair salon is located in the residential area of Yardley, just on the outskirts of the City of Birmingham, West Midlands.

The business is situated at the end of a busy shopping parade which is on a service road alongside the extremely busy A45 dual carriageway, a major commuter road into the City Centre. The business is one of many shops in the parade amongst complimentary retail businesses such as a post office, fish and chip shop, bathroom shop and estate agents. The business benefits from free parking directly to the front.

On a number of main bus routes and a 10 minute drive from Birmingham airport. The area is mainly residential with the majority of the houses privately owned. A busy McDonald's restaurant is directly opposite bringing good footfall in the area.

BUSINESS
Hilton Smythe welcomes to the market this well-established and reputable hair salon. The business was originally founded by our client nearly twenty years ago and is very well supported by the local community seeing a high amount of repeat trade with very little competition in the area.

The salon is spacious and immaculately presented throughout. Recently refurbished and modernised at considerable cost to our client. The business is a unisex salon offering all aspects of modern hairstyling techniques to clients from the very young to the more mature. The business reports a generous turnover of circa 72,000 with a gross profit in the region of 49%.

The business benefits from very low overheads with a low rent and no business rates currently payable. We believe the size of the premise would allow for possible expansion into the rear staff room to allow for further hair stations or perhaps introduce beauty treatments.

Above the salon is a 1 bedroom flat currently let and yielding a monthly income of 320 per month, providing an instant income for the new owner. Alternatively, there are permissions in place enabling the first floor flat to be converted to additional treatment rooms for the business below if so desired.

The sale includes a comprehensive website providing further information about the business and services offered. Early viewing of this turnkey outfit is highly recommended with the business genuinely coming to the market as our client now wishes to pursue a different career path. Our client is willing to offer a handover period to assist with the smooth transition of ownership if required.

PREMISES
The business is in an end terraced position with a one bed flat above.

Immaculately presented, windows and glazed door to front creating a light airy and welcoming interior, wall mounted TV, tiled floor, bespoke beech effect counter/reception with radiator and floating shelf above, 5 hair stations each with its own full length mirror and electrical sockets,
customer waiting area, pull down blinds to windows, 2 back wash units each with separate shower units, wall mounted towel storage, freestanding wheeled hair drier, window to rear and feature spotlighting.

Inner hallway with useful hanging space and storage beneath stairs to the first floor with tiled flooring.

Staff Room
This room offers the potential to be turned into a treatment room
A generous sized room with windows to side, vinyl flooring, fluorescent lighting, stainless steel sink and drainer with cupboard beneath and Heatstore water heater above, space for washing machine, fridge, microwave, circular table and comfy chairs, wall mounted Worcester boiler (nearly new) and freestanding shelving unit.

A door leads to the toilet facilities with window to side, peach coloured close coupled toilet and hand wash basin.

To the first floor is a one bed roomed flat with double bedroom, lounge/kitchen and bathroom and accessed via the shop below. The flat is presented in good order and is currently rented commanding a rent of 320 per month.

The business is immaculately presented and maintained with attractive and visible signage to the front. To the rear of the business is a secure yard currently mostly laid to gravel with a seating area and parking to the front.

TENURE
We are advised leasehold.
Original lease length is 10 years with a 5 year break clause. The lease expires 24/12/18.
Rent is 12,000 per annum.

HOURS
The business opens:-

Tuesday 9.00am - 4.30pm
Wednesday 9.00am - 6.00pm
Thursday and Friday 9.00am - 7.00pm
Saturday 9.00am - 4.30pm
Sunday and Monday closed.

STAFF
The business is owner run and managed with the assistance of 2 full time staff and 1 part time.

FINANCIAL PROFILE
The business reports a generous turnover of circa 72,000 with a gross profit in the region of 49%.


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