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Established Barbershop in Prime Plymouth Location, with Strong Customer Base and Growth Potential, For Sale

Plymouth, Devon
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  • Leasehold: £29,950
  • Turnover: £59,595 (£1,146 Per week)
  • Net Profit: £12,000 (21% Profit margin)

Business Details

Popular & Growing Barbers For Sale

Business
Please quote reference B08320

CoGoGo presents an exciting opportunity to acquire The Compton Barber Shop, a well-established and recently refurbished barber business located in the vibrant city of Plymouth.

Owned and operated by the current owner for 16 years, this profitable shop has become a staple in the local community, with a loyal customer base and an excellent reputation for quality haircuts and grooming services.

Unfortunately, the business has been brought to the market, due to ill health and impending retirement.

The business has now ceased trading, but this presents an excellent opportunity for a seamless takeover. All fixtures, fittings, and assets are included in the sale, ensuring that the new owner can start trading immediately without needing further investment in equipment or setup.

Key Features:

  • 16 years of successful trading with a strong local presence.
  • Recently refurbished to a high standard, ensuring a modern and inviting atmosphere.
  • Prime location with high visibility, foot traffic, and a steady flow of passing trade.
  • All assets (fixtures, fittings and barbering equipment) are included for a smooth transition.
  • The lease is available for immediate occupancy.
Despite the business's success, there is significant room for growth and expansion. The new owner could:

  • Extend opening hours or introduce weekend trading to capture more customers.
  • Offer additional services such as beard grooming, hot towel shaves, or product sales.
  • Invest in marketing strategies such as social media advertising or loyalty programs to attract new clients.
  • Consider hiring additional barbers to increase capacity and serve more clients simultaneously.
  • Explore opportunities for mobile services or partnerships with local events and businesses.
This is a fantastic opportunity for someone with passion and vision to continue and expand upon the success of The Compton Barber Shop.

 



Location
The shop is ideally located in a prime position with high footfall and strong passing trade, making it an attractive proposition for any aspiring barber or entrepreneur.



Premises
The Compton Barber is situated in a detached, double-fronted premises, featuring striking, eye-catching signage that draws attention. The large windows offer an inviting view into the stylish interior, enhancing the shop's curb appeal and visibility.



Tenure
This opportunity is being sold on a Leasehold basis with 19 years remaining on the lease.

The current rent is £9,240 per annum.



Hours
The operating hours were:

Monday to Friday - 8:30 am to 5:30 pm

Saturday - 8:30 am to 4:00 pm

Sunday - Closed



Staff
The business was run and managed by our client with the help of 3 staff members.



Financial Profile
This business generated a turnover of £59,000. Full financials can be made available upon further request.



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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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