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B07372 / Rightbiz
Business
Please quote reference B07372
CoGoGo are delighted to welcome to the market a portfolio of highly rated barbershops in Northamptonshire.
The business was originally established by our client in 2014, before rebranding in 2021. During that time, the business has built up an excellent reputation and repeat client base. As seen by the online ratings and reviews, the business is extremely popular within the local area. Our client then opened a second store in 2023 in Northampton, introducing a beauty service section.
The business has now come to the open market due to our clients desire to relocate overseas.
The business specialises in all cutting styles and offers online booking or walk-in appointments.
Key selling points -
Scope to improve -
Our client has advised that they're happy to offer a handover to ensure the continued success of the business.
Location
The three barber shops are located in Northamptonshire.
The business is nicely presented and maintained with clear visible signage.
Premises
Store 1 -
Store 2 -
Tenure
We are advised that the business is being sold on a Leasehold basis.
Hours
The current trading hours are -
Monday to Tuesday – 10:00am – 6:00pm
Wednesday – 10:00am – 7:30pm
Thursday – 10:00am – 8:45pm
Friday – 9:00am – 9:30pm
Saturday – 9:00am – 5:00pm
Sunday - Closed
Staff
We are advised all 17 staff members are all self-employed.
Financial Profile
We are advised as per the 2023 accounts, the businesses generated a combined turnover in the region of £115,000. Further financials can be made available upon request.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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.
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.'.
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.
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
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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
Get Solicitor
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