Sold

Turn Key Barbers In Ideal Location

Leeds, West Yorkshire

£33,000 +SAV

Ref: B04434

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Description

Hilton Smythe are pleased to offer to the market The End Gents Hair, the business has been operated by the currents owner since 2011. This is a rare and exciting opportunity which has now become available, due to the current vendors family commitments and relocation out of the area.The shop has been extensively refurbished by the current owner to a very high standard with 4 barber’s chairs set in the shop, affording the new operator the chance to either employ additional staff or rent out the chairs to other barbers creating an additional income stream. The site is now available for a new operator to step in and take the business to the next level. This truly is a turn key opportunity and would suit both an established operator looking to take on new premises and grow their business as well as being ideal for a new start up to take on a completely refurbished site. The End Gents Hair has built up some good will within the area and now requires a fresh approach to allow it to flourish and for the new operator to reap the benefits.This rarely available opportunity is not to be missed, early viewing is advised.

Tenure

Leasehold

We are advised the business is being sold as a Leasehold.Original lease length: 5 years.Currently rolling LeaseRent: £22,000 per annum.Hilton Smythe are advised the business currently pays £10,800 in business rates

Hours

Monday 9:30am–7pmTuesday 9:30am–7pmWednesday 9:30am–7pmThursday 9:30am–7pmFriday 9:30am–7pmSaturday 9:30am–5pmSunday 12–4pm

Staff

The business is currently run by our clients with the help of two full time members of staff.

Financial Profile

The End Gents Hair generated an advised turnover of circa £73,940 as of the 2016 accounts, with a Net Profit of 24,016.

Location

Leeds is the third largest and one of the fastest growing, greenest cities in the UK.A thriving economy boasting strengths in financial services, legal, manufacturing, health and retail, Leeds has excellent road, rail and air links, providing a gateway for tourist and business visitors to the region. Trinity Leeds, the £350 million retail development reinforces Leeds as one of the finest shopping destinations in the UK.Situated on the busy A660 main road the business in in prime location for lost of passing trade and footfall.

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. The premises are fitted and presented to high trade specifications throughout. Included in the sale: • 4 x barber’s chairs• 4 x mirrors• Sales counter and till • All shelving and storage units• PlayStation• Media system• Washing machine and dryer

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