3 Seat Barbershop with Basement for Development in City of London
City of London, London
- Status
FOR SALE
- Advert ID
644511
- Leasehold: £78,000
- Rent: £55,000 (£4,583 per month)
- Turnover: £130,000 (£2,500 per week)
- Profit: Not Applicable
Key Features
- Welcoming and relaxing atmosphere
- Fully fitted and equipped
- Grooming services for men
- Growth potential in services
Business Details
3 Seat operational Barbershop with large basement ready for development in City of London
Premium barber shop for sale at Cornhill in the heart of the City of London, short walk away from Bank,Moorgate, Liverpool Street and Monument stations. Some of our neighbours are The Royal Exchange, the Bank of England, Lloyds and many high end shops, including Louis Vuitton, Mont Blanc, Fortnam&Mason and many high end brands have branches.
Opened 9 months ago, the business is an early-stage operation that has established a strong presence on Cornhill but has not yet been fully optimized for profitability, presenting a clear opportunity for an experienced operator. Selling due to plans of expansion being put on hold due to financing problems
Currently operating with 2 barbers only, without product sales, the shop makes around £10,000 monthly. Our customer base has grown to nearly 300 people, and 42% of our sales are return customers, growing month on month.
• Asking price: £78,000 (5 year leasehold with 6-month break-free clause from November 2026, £8,000 deposit included in price and will be transferred to the buyer and there is a guarantor in place, 5-star Google business page )
• Annual turnover estimated based on first 9 months: ~£130,000 (£2,500 per week)
• Rent: £55,000 VAT per annum Service charge: £1550 VAT Building insurance: 1409.51 VAT Business Rates: £15,368 all per annum. Rents invoiced quarterly, but landlord is happy with monthly installments.
• Private landlord
• Fresh long lease available at lower rent can be negotiated with the landlord (10 years)
Fully fitted, turnkey premises with 3 Takara Belmont barber chairs on a busy road, wash units, reception, washer, dryer, CCTV, and premium interior.
Large unused basement (64.5 sqm) offers strong expansion potential for additional chairs or new services and treatment rooms.
5-star Google Business profile included. Experienced staff open to staying on with local clients.
Serious enquiries only. Financials are available on request.
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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.
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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.
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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.
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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.
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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.'.
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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.
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