Business Hilton Smythe are welcoming to the market Steven Joseph Barbers Shop. The shop was originally established as a barber shop over 8 years ago, with our client taking over 2 years ago.
During the time he has ran the shop he has made huge improvements to the premises including modernised tiled decor, new mirrors and decoration.
It is now being placed on the market as our client is experiencing health issues.
During our client’s stewardship the business has built up an excellent reputation for its welcoming atmosphere and friendly service, therefor has a lot of repeat trade and word of mouth recommendations.
The business is run by the proprietor only, using 1 work station. There is ample scope to increase the turnover by either employing more barbers or renting out chairs.
Due to our client working alone there is often a large amount of waiting customers, hence the reason for the pool table to occupy the customer in the que.
We are advised that the business generates a turnover in the region of £77,000 per year with high gross profit margins and low overheads.
The area of the business is currently undergoing a lot of development including new homes and a commercial business being built including a large indoor market, which is going to generate an even higher amount of footfall for the business.
Steven Joseph Barbers has an Instagram and Facebook account boasting excellent reviews, with customers stating, ‘Great barber no complaints and even managed to tame my thick curly hair’ and ‘Absolutely fantastic service today, my son loves his new hair’
Our client is offering a hand over period to ensure the continued success of the business and introduce the new buyer to the regulars.
This business had lots of potential to expand even further and build upon the already thriving turnover, which is based on just 1 barber working 5 days a week.
We feel it would suit a partnership or ran as a family business.
This rarely available opportunity is not to be missed, early viewing is highly advised
Location Steven Joseph Barbers is situated on Bacup Road, Rossendale.
The business is surrounded by a wealth of complimentary shops and businesses and benefits from a high volume of footfall and passing trade including the High School and Grammar School. The shop is based on the main strip of a busy village centre, in between the two main towns of Rossendale (Rawtenstall and Bacup) and being on the only route between these two towns. There are also 3 free car parks available for customers.
Regeneration of area including a Restaurant, Wine Bar and Hotel which provides generous footfall.
The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property.
There are several railway and tram stations nearby. Also, there is a main bus link to and from surrounding towns.
The area is also well served by the A roads leading to the M65 motorway network.
Premises Extremely well-presented Barber shop with 4 barbering stations. The shop benefits from being in a highly visible trading position with great signage and free parking.
Shop floor •Double Fronted •Open plan Salon with 4 work stations with mirrors •Ample storage •2 barbers chairs and 3 wash basins •Leather sofa waiting area
Cellar •Toilet with wash basin
Security •The premises are fully fitted with CCTV system
Tenure Leasehold with 18 months remaining on the current Lease (The landlord has stated he is happy to discuss a new longer lease with the new tenant)
The annual rent is £6,500
The business further benefits from being rates exempt
Hours Monday – Closed Tuesday – 10.00 am – 6.00 pm Wednesday – 10.00 am – 6.00 pm Thursday – 10.00 am – 7.00 pm Friday 10.00 am – 7.00 pm Saturday 9.00 am – 4.00 pm Sunday - Closed
Staff The shop is owner ran with no staff
Financial Profile The business reports a turnover for the last year of approximately £77,000
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The Cloisters, Bacup Road, Waterfoot, Rossendale BB4