32-Year Established Barber Shop for Sale in Kings Cross, London with 15-Year Lease Assignment
Kings Cross, London
- Status
SOLD / WITHDRAWN
- Date Submitted:
27/02/24
- Advert ID
607455
- Leasehold: £75,000
- Rent: £35,000
- Turnover: £130,000 (£2,500 Per week)
- Net Profit: On request
Key Features
- High Turnover
- Accounts Available
- Established Business
- Open Plan Trading Area
- New Lease
- Unique Business
- Close to Local Amenities
- Attractive Business
- Town Centre location
- Retirement Sale
- Fully Fitted
- Prime Location
Business Details
Barber Shop for Sale
Well established barber shop for sale based in the heart of Kings Cross.
Established for over 100 years, the current owner has been running the business for 32 years. The owner has taken the decision to retire.
Huge potential and growth opportunity for a new owner to come in, add their touch and give the shop a new lease of life, to build on the current client base and foundations.
A new 15 year lease to be assigned to the incoming tenant with the current owner being the shop freeholder.
Terms
Goodwill of £75,000ono
Rent per annum £35,000 (negotiable)
15 year lease assignment (assignment of a new lease)
Map
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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.
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.
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