Established Newcastle Barbershop on Market, Ideal Location, Ready for New Ownership
Newcastle upon Tyne, Tyne and Wear
- Status
SOLD / WITHDRAWN
- Date Submitted:
13/01/24
- Advert ID
604991
- Leasehold: £39,000
- Rent: £16,000
- Turnover: £90,000 (£1,731 Per week)
- Net Profit: On request
Key Features
- Established Business
- Offers Invited
- Accounts Available
- Prime Location
- High Turnover
- Small Business
- Fully Fitted
- Retirement Sale
Business Details
Busy barbers shop for sale
A well-established barbershop, operating for 44 years, is now available for purchase in the heart of Newcastle city centre. The current owner plans to place it on the market due to their upcoming retirement.
The shop boasts a strategic location, nestled conveniently between two thriving universities. This dynamic location has allowed the shop to cultivate a stable client base, with many patrons that have been frequenting the barbershop for decades.
All fixtures and furniture that currently reside in the shop will be included as part of the sale. This arrangement helps to simplify the transition process for potential buyers.
Lastly, the annual rent for this seasoned establishment stands at £16,000. Buyers also have the opportunity to secure a long-term lease for the property.
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Advert pending deletion
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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