Bristol's Historic Barber Shop Trading Since 1888 Now Up for Sale
City of Bristol, Bristol
- Status
FOR SALE
- Date Submitted:
12/05/21
- Advert ID
276506
- Leasehold: £47,000
- Rent: £12,600
- Turnover: N/A
- Net Profit: On request
Key Features
- Potential for Alternative Use
- Accounts Available
- Small Business
- Town Centre location
- Fully Fitted
- Established Business
- Retirement Sale
- Offers Invited
Business Details
Barber Shop. Bristol's longest established Barber shop, trading for 133 years.
Probably the oldest Barbershop in Bristol, trading since 1888, is now coming available for sale.
After 19 years in this shop and 30 running my own Hairdressing businesses, the last 12 months have caused me to reassess my current work/life balance, so with some sadness but also excitement I have decided to offer my Barbershop up for sale!
Traditionally the business grosses £1200-1500 per week with one hairdresser working alone, but for obvious reasons (covid) the last 12 months it hasn't, however, we are now on our way back to normality, and I have no reason to believe that the coming months will not see a return to those figures.
The property also benefits from the upper floors that I re-developed into a five-bedroom flat that I have rented to students and professionals as a house of multiple occupancy generating £30000 under full occupancy, which it usually is. This means you are already £18000 p/a up before you even lift a pair of scissors!
The shop itself is in good, tasteful decorative order with three chairs (only two years old) and one wash unit, a reception desk and a wood laminate floor. The asking price reflects the trading goodwill, the fixtures and fittings of both the flat and the shop and the re-development of the upper floors from derelict storage.
I will listen to offers; however, I feel it is very reasonably priced, so please, keep them sensible. I am in no particular rush to start the next chapter in my life and am happy to wait until the right purchaser comes along.
Pleased don't hesitate to contact me with any questions, and I'll be happy to answer where I can.
The asking price is £47000
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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.
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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.'.
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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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