Barbershop for sale in Finchley London with modern design and loyal clientele
Finchley, London
- Status
FOR SALE
- Advert ID
633628
- Leasehold: £120,000
- Rent: £17,400 (£1,450 per month)
- Turnover: On request
- Profit: On request
Key Features
- With Car Park
- Prime Location
- Established Business
- Potential for Alternative Use
Business Details
Barbershop For Sale Finchley
For sale is a well-established barbershop located in a prime spot just outside the West Finchley station, known for its significant foot traffic and visibility. This bustling business has been in operation for three years, enjoying consistent yearly sales growth and a loyal customer base that consists of walk-ins and bookings alike.
The barbershop features a modern interior characterized by a sleek black and white design, stylish LED lighting, and fully equipped barber stations that prioritize client comfort. Recent renovations include new flooring, an updated shop front, and enhanced lighting and seating. The tiling and skirting are the final touches needed to complete the shop's aesthetic appeal. Additionally, it comes with essential on-site amenities, such as kitchen and bathroom facilities and ample parking space for customers in the vicinity.
The business has experienced a nearly 20% increase in turnover over the past year, reflecting its growing popularity and strong community presence. Despite the competitive landscape, this shop stands out as the only barber on the parade, ensuring a unique position within the local market. The sale includes six premium barber chairs and stations, a £4000 Mitsubishi air conditioning unit, diamond LED lights, a full glass shop front, custom booth seating, herringbone flooring, and essential equipment like a washer, dryer, electric shop shutters, and CCTV cameras.
The leasehold price for this attractive business is set at £90,000, with a current turnover of £234,000 and an annual rent of £17,400, yielding a profit margin of £24,000. All stock is included in the sale, making it a comprehensive package for prospective buyers. The owner is looking to retire, presenting a rare opportunity for new entrepreneurs to step into a thriving operation. The barbershop boasts an existing online presence on Instagram (@truthformen), although the current owner is not offering training for new owners.
This is truly a unique business opportunity, with potential for alternative use, given its prime location and full fittings. Interested buyers are encouraged to submit offers as the price has been reduced. Don’t miss out on this chance to own a successful barbershop in Finchley!
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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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