Established Barbers Business for Sale in Bath Somerset - Trusted for 30 Years
Bath, Somerset
- Status
FOR SALE
- Date Submitted:
13/05/22
- Advert ID
295281
- Reference
B06895 / Rightbiz
- Call Agent:
- Leasehold: £29,995
- Turnover: £93,844 (£1,805 Per week)
- Net Profit: £24,340 (26% Profit margin)
Business Details
Well Established Barbers For Sale
BusinessPlease quote reference B06895
Hilton Smythe welcomes to the market an exciting opportunity to acquire (on a leasehold basis) an exceptionally well run and popular barbers’ business.
Trimmers of Bath has been under the careful and meticulous ownership of our client for almost 30 years, building up an excellent reputation within the city and further afield. Only now has the business been brought to the open market, as our client looks to leave the industry and is keen to see the business pass to a new owner who has the same passion, enthusiasm, and drive to take the business forward.
The business currently operates as a traditional gent’s barbers with rent a chair options, offering quality and stylish haircuts in a fresh and well-presented setting. During our client’s stewardship the business has built up an excellent reputation for its welcoming atmosphere and friendly service and therefore has a lot of repeated trade and word of mouth recommendations.
We feel there is scope to increase turnover with the undertaking of a robust marketing campaign via local press, social media, and further promotion of the dedicated website, along with offering some further products for clients to purchase.
This is a highly desirable business with an excellent business model in place and would be a very attractive proposition for either an individual or partnership looking for their first business in this sector which is already established, or for an experienced operator looking for an additional business with an attractive income stream.
All fixtures and fittings are to be included in the sale of the business.
A tremendous opportunity to own this well-established and popular business, and early viewings are highly recommended to avoid disappointment.
Location
The business is located in a prime trading location on the popular Barton Street in the centre of the popular city of Bath and benefiting from being surrounded by a host of independent businesses leading to a good level of footfall and passing trade.
Bath is the largest city in the ceremonial county of Somerset, known for its Roman-built baths. In 2011, the population was 88,859. Bath is in the valley of the river Avon, 97 miles west of London and 11 miles south-east of Bristol. The city has software, publishing and service industries, theatres, museums, and other cultural and sporting venues which have helped make it a major centre for tourism, with more than one million staying visitors and 3.8-million-day visitors to the city each year.
The city also benefits from excellent transport links via road and also has a rail service giving access to major cities in the UK
Premises
The business is located in a ground floor traditional barber shop premises, that has undergone an extensive programme of refurbishment over the years and can be found in true turnkey condition. The shop has 5 chairs all with washing facilities, customer waiting area, service counter and further benefits from ample storage to the rear of the premises. The business also has a large staff room which could be used for something more than a staff room.
PLEASE NOTE THE LANDLORD IS OPEN TO CHANGE OF USE FOR THE PREMISES.
Tenure
We are advised the business is being sold on a Leasehold assignment basis with 4 years remaining on the Lease. The rent will be £22,000 per annum.
The business benefits from business rates relief.
Hours
The business trading hours are:
Monday to Wednesday - 09:00am - 17:30pm
Thursday - 09:00am - 18:00pm
Friday - 09:00am - 17:30pm
Saturday - 08:00am - 17:00pm
Sunday - Closed
Staff
The business is run and managed by the owner.
Financial Profile
We are advised the business generated a turnover of circa £54,000 as of 2023, further financial information can be made available upon request.
Please quote reference B06895
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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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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Contact seller
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.
Stay Safe
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.
Be safe, use a Rightbiz Solicitor
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