Profitable Turkish Tradition Barber Shop for Sale in Earls Colne, Essex
Earls Colne, Essex
- Status
FOR SALE
- Date Submitted:
09/05/24
- Advert ID
611055
- Leasehold: £18,000
- Rent: £4,160
- Turnover: £46,800 (£900 Per week)
- Net Profit: £40,000 (86% Profit margin)
Business Details
Turkish tradition, Barber Shop for Sale
The barber shop for sale in Earls Colne, Essex is a lucrative opportunity. With a current annual turnover of £46,800 and a profit margin of £40,000, it offers potential buyers promising returns. The shop features a modern and stylish interior, complete with unique graffiti wall art, further enhancing the appeal. Notably, the shop is still relatively new, having only opened its doors four months ago, thus adding to its potential.
The leasehold price of the shop stands at £18,000, with all stocks included in the price, leaving room for offer negotiations. An enticing bonus is the economic weekly rent of £80. In addition, the shop is exempt from water and electricity bills, presenting further savings.
Strategically located in a bustling community hub, the shop experiences high foot traffic and offers excellent visibility. As well as fully equipped with professional barber chairs and workstations, the shop also provides additional amenities. These include a reception area, a comfortable waiting lounge, and even access to a gym facility within the building.
Regarding convenience, there is ample free parking available, which adds to its attractiveness. The weekly income currently ranges from £800 to £900, indicating potential for further growth. This opportunity presents an ideal business venture for those keen on joining the beauty industry.
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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