| (REF: 1925) Barbers Shop on High Street in Kent |
| |
| Seller Reference: |
1925 |
| B4S Reference: |
23117 |
| Asking Price: |
£310,000
|
| Net Profit: |
|
| Sales Revenue: |
£350,000 |
| Number of Staff: |
6 |
| Established For: |
2 Years 0 Months |
| Ownership: |
Leasehold |
| Location: |
Undisclosed, Kent, United Kingdom |
| |
Business Details
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £350,000 with high net profit (see financial summary below).
- A business with great potential with 3 large unused rooms with showers.
- An easily run operation.
- Good, loyal and very well trained staff.
- Low rent and rates for the area as this is a prominent high street location with an agreement to extend the property to give a larger service area or to take on further services.
- Business enjoys superb local reputation.
- The concern provides traditional barbers services.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Gents Barbers which has been established for only 2 years. The business has been in the hands of the current owner for 2 years and now wishes to sell to concentrate on other business.
Staffing
The concern employs 5 full time and 1 part time barbers. All are well trained and are paid above minim wage plus tips.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.
Competition
There is no local competition.
Market
The client base consists of locals and tourists.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with local and internet advertising.
• Increasing the product line to include ladies hair and possible beauty spa.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• There are 3 very large rooms that are in need of refurbishment which could be used to add services.
• With an enhanced website.
• The property could also be extended to the rear to increase current service area.
• The 3 large rooms could be converted into living accommodation.
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 property is terraced and part of a parade of shops. The current service area is approximately 39 square meters. The front is branded with an attractive glass front. There is a CCTV system. The main customer service area is tiled. It is very well presented and is very conveniently laid out with 6 barber chairs and work stations.
There is an overhead TV. There are customer toilets to the rear, staff facilities and a kitchen.
There is parking for up to 4 cars in the rear.
FIRST FLOOR
On the first floor there are 2 large rooms, 1 smaller room and a shower room.
EXTERNAL
To the rear is a yard and parking for up to 4 cars.
EQUIPMENT WITH SALE
All fixtures, fittings and equipment are included in the sale price and are valued at £80,000
FINANCIAL DETAILS
The present annual turnover is £350,000. The present value of the stock is £1,000.
The potential turnover of the business within the next 2 years is forecast to reach £500,000 pa 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.
Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller.
|
| |
Property: |
Leasehold |
| |
| |
Lease Terms: |
The original length of the lease was 15 years with 12 years remaining. The rent is £16,000 pa with a review in 3 years. The lease may be renewable or negotiable for longer term if required. The rates are £5,700. |
| |
| |
Current Rent: |
16,000 pa |
| |
| |
Living Accommodation: |
Yes |
| |
| |
Details of Accommodation: |
On the first floor there are 2 large rooms, 1 smaller room and a shower room. |
| |
| |
Location: |
- Situated on the High Street of a large South East Kent Town.
- Part of a parade of shops which is part of the local shopping center.
- Excellent parking facilities nearby.
- Industrial estates lie nearby.
- The area is surrounded by densely populated residential area with schools and other local amenities.
- Very high levels of passing and tourist trade in the summer months.
- Good volumes of traffic and pedestrian flow.
- A commercially thriving area.
- Well linked with the M20/M2 and trains to central London with the station a few minutes walk away.
- Many tourist spots lie close by.
- Area enjoying much growth and re generation.
- A lifestyle area.
|
| |
There is no local competition. |
| |
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with local and internet advertising.
• Increasing the product line to include ladies hair and possible beauty spa.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• There are 3 very large rooms that are in need of refurbishment which could be used to add services.
• With an enhanced website.
• The property could also be extended to the rear to increase current service area.
• The 3 large rooms could be converted into living accommodation.
|
| |
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. |
| |
Owner wishes to sell to concentrate on other business. |
| |
Is this a home-based business? |
No |
| |
Can this business be relocated? |
No |
| |
Is this business part of a franchise? |
No |
| |
Monday to Saturday: 9.00 am – 6.00 pm.
Sunday: 10.00 am – 4.00 pm.
|
| |
The concern employs 5 full time and 1 part time barbers. All are well trained and are paid above minim wage plus tips. |
|
|
