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CONFIDENTIAL
FOR SALE
621113
Established Barber Shop for sale in the heart of East Ham, London
The business, a landmark in Eastham, has been operating smoothly and successfully for 34 years. The current owner, who has owned the business since 1991, is now looking to retire, making this a fantastic opportunity for an entrepreneur or investor.
Located in the lively town center of East Ham, London, the shop enjoys high customer footfall due to various nearby amenities, including restaurants, takeaway food shops, supermarkets, public transport links such as buses and train stations, pharmacies, banks, clothing shops, a local college, community centers, and a fitness center. The town hall and numerous local parks also contribute to the area's bustling atmosphere.
Sale Details and Opportunities
The leasehold opportunity commands an asking price upon request, with a current turnover of £57,600 and an annual rent of £20,000. The sale includes all stocks, fixtures, and fittings - it’s a full-service barber shop where the new owner can simply walk in and commence business.
The business currently employs 3 self-employed barbers and 2 self-employed tattoo artists. The owner has an active online presence on Instagram and is open to offering training assistance, if needed, to help ease the transition for the new owner(s). This offer reinforces the unique value of this business opportunity, which seamlessly blends a solid financial investment with the prospect of continued growth and development in a thriving community.
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
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