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644876
B09343 / Rightbiz
The barbershop offers modern men’s grooming services, including precision haircuts, fades, styling and beard work. The brand is contemporary, energetic and customer-focused, appealing to a broad age range. The business has only been owned for a short period, yet has already achieved impressive results, highlighting the strength of the concept and location.
The sale is due to a change in circumstances, creating a genuine opportunity for a new operator to take over and build further.
There is clear scope to increase revenue through extended hours, additional barbers, chair rental, premium services and retail product sales.
A fantastic chance to acquire a modern, profitable barbershop in a thriving city location, with low overheads, strong branding and huge potential to grow.
Early viewing is highly recommended with Cogogo!
Location
The business is located in Norwich, a vibrant and well-populated city with a strong demand for premium grooming services. The area benefits from consistent footfall, a healthy mix of residential and commercial surroundings, and excellent local demographics for repeat custom. The shop has quickly established itself as a recognisable local name, supported by strong social media engagement and growing word-of-mouth.
Premises
The premises are well-presented, modern and ready to trade with no immediate capital expenditure required. Fixtures and fittings are stylish and in keeping with a high-end barbershop aesthetic. We are advised that the asset value is approximately £6,000, including equipment and fit-out. The shop is easy to manage, with low running costs and an inviting layout for both staff and clients.
Tenure
We are advised that the business is offered on a leasehold basis. We are also advised that the rent is exceptionally low at £600 per month, with flexible lease terms available by agreement. Business rates are reported to be very low, further enhancing affordability and profitability.
Hours
The business currently trades during standard barbershop hours. There is flexibility to extend opening times into evenings or additional days, which offers further growth potential with minimal additional overhead.
Staff
The business currently operates with one barber, making it ideal for an owner-operator or a small team expansion. Staffing levels can be easily increased to grow turnover and profitability.
Financial Profile
We are advised that the business is currently generating a turnover of approximately £48,000 per annum, with a net profit in the region of £36,000. With such low fixed costs, the business delivers strong margins and excellent returns for an owner-operator.
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
Get Solicitor
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