Traditional Barbers In Bexhill On Sea | | Bexhill on Sea East Sussex | | Phoenix Business Transfer Agents are delighted to place onto the market this Traditional Barber Shop which has been established for over 50 years. The business has been in the hands of the current owner for 2 years. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 57289
ADVERT IMPRESSIONS : 8,988 TIME(S) | | | | BUSINESS SECTOR: | Care / Health / Beauty | | TRADE TYPE: | Hairdressers Salons | | SALE: | Agent Sale | ASKING PRICE: | £60000 | LEASEHOLD: | £60000 | ANNUAL RENT: | £7200 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
- Situated in Bexhill-on-Sea area of East Sussex.
- Prominent location near local shopping center.
- Excellent parking facilities.
- Surrounded by densely well populated residential area with schools and other local amenities.
- High levels of passing trade.
- Hastings and Eastbourne both lie close by.
- The Area enjoying much growth and re generation.
- A lifestyle area.
- Excellent local demographics for this type of area.
Business Details
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Tourist area and lots of passing trade.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £60,000 with a high net profit (see financial summary below).
- A business with great potential and can be improved by extending the premises.
- An easily run operation.
- Good loyal well trained staff.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides traditional Barber services to all age groups.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Traditional Barber Shop which has been established for over 50 years. The business has been in the hands of the current owner for 2 years and now wishes to sell due to other business commitments abroad.
Staffing
The concern employs a part time barber.
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 offering the same services.
Market
The client base consists of locals, passing trade and tourists.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the opening hours to include late evenings.
• Increasing the number of chairs by enlarging the premises to the rear.
• Advertising in local papers etc.
• Refurbishment of shop with TV etc. to attract younger clients.
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 detached with two rooms, one approximately 13 ft x 13 ft and a further room approximately 8 ft x 10 ft. There is also a toilet to the rear. The front is branded with an attractive glass front. The main customer service has a floor covering in lino. It is very well presented and is very conveniently laid out.
To the rear is a store room. There is a toilet and staff facilities. There is also a loft that is unused.
EXTERNAL
There is parking for 2 cars to the side of the property.
To the rear there is a small yard.
EQUIPMENT WITH SALE
All fixtures, fittings and equipment are included in the sale price and are valued at £2,000.
FINANCIAL DETAILS
The present annual turnover is £60,000 with a gross profit of 80% and a high net profit. The wages are commission based and 50/50. The present value of the stock is £500.
The potential turnover of the business within the next 2 years is forecast to reach £80,000 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.
TRADING HOURS
Monday to Saturday: 8.30 am – 5.00 pm.
TENURE
The original length of the lease was 20 years with 18 years remaining. The rent is £7,200 pa. The rates and water are £580 according to the last accounts.
VIEWINGS
The owners are available for viewings at any time by prior arrangement.
Price: £42,000
Ref: 1901
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. | | | | | | FOR SALE | | | | | REFERENCE: | 1901 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
