| (REF: 1591) Leasehold Barbers In London |
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| Seller Reference: |
1591 |
| B4S Reference: |
17350 |
| Asking Price: |
£60,000
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| Net Profit: |
£30,000 |
| Sales Revenue: |
£66,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
London, North London, United Kingdom |
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The particular highlights of the business are:
- The owner may be prepared to accept staggered payments for the business, enabling the buyer to pay from profits although a lump sum sale would be more favorably considered.
- Ideally located concern offering excellent lifestyle.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £66,000 with a net profit of £30,000. (See financial summary below). This is very impressive considering the credit crunch.
- A business with great potential which has not been exploited because of other business interests.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.
History
Phoenix Business Transfer Agents are delighted to place onto the market this well branded barbers which has been established since 1995. The business has been in the hands of the current owner since business opened and he now wishes to sell due to other business interests.
Services
This very good business opportunity provides gents haircuts.
Staffing
The concern employs 3 staff. They are all full-time. All staff would stay on after a sale.
Owners Role
The owners role is hands on and deals with the day to day running of the business.
Marketing
The owner doesnt do any marketing for the business
Competition
As far as competition is concerned there are 5 other barbers in the area.
Market
The client base consists of mainly regulars with some passing trade
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
Increasing the marketing activity with direct mailings and local and internet advertising.
Increasing the opening hours to include longer trading hours.
Becoming more efficient with staffing levels.
Working more hands on hours and saving on wages.
With the introduction of a website.
Create more work stations for the barbers
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.
Property Details
The front is branded with an attractive glass front. There are electric shutters a. The main customer service area is tiled. There is 5 work stations and 5 wash basins. It is very well presented and is very conveniently laid out.
To the rear is a small store room. There are a toilet and staff facilities and a small kitchen.
Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £15,000.
Financial Details
The present turnover is £66,000 per annum with a gross profit of 60% and a net profit of £30,000.
The potential turnover of the business within the next 2 years is forecast to reach £90,000 given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
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Property: |
Leasehold |
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Lease Terms: |
The original length of the lease was 20 years with 13 years remaining. The rent is £13,000 pa with a review in 2013. The lease may be renewable or negotiable for longer term if required. The rates are £3,500. |
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Living Accommodation: |
No |
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Location: |
- Situated in the area of North London
- Prominent location on main arterial road
- Part of a parade of shops
- Excellent parking facilities nearby
- Surrounded by densely populated residential area with schools and other local amenities.
- Local population consists of a mixed population
- Area offers exceptional lifestyle
- High levels of passing trade
- Good volumes of traffic and pedestrian flow
- Commercially thriving area
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As far as competition is concerned there are 5 other barbers in the area. |
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The concern has huge potential. In particular the turnover and profits can be increased by:
Increasing the marketing activity with direct mailings and local and internet advertising.
Increasing the opening hours to include longer trading hours.
Becoming more efficient with staffing levels.
Working more hands on hours and saving on wages.
With the introduction of a website.
Create more work stations for the barbers
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The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made. |
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other business interests. |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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Monday to Saturday: 9:00am-7:00pm |
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The concern employs 3 staff. They are all full-time. All staff would stay on after a sale. |
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