Well Established Barber Shop in South London For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, S.W. LONDON

Turnover £ 2,750
Price £120,000

Features

Well Established Barbers

DOUBLE FRONTED PREMISES, in the region of 575 ft², WITH ELECTRIC SHUTTERS, CCTV (7 cameras), Laminate flooring, suspended ceiling with LED lighting.

Customer waiting area with seating for 8 customers.

Sales counter, electric cash register, display units for products.

4 Fully equipped cutting stations with barber chair, sink, mirror, hair dryer, etc.

Staff cloakroom with toilet and wash hand basin. Fridge, sink, microwave and coffee machine.

Treatment room to rear, used for massage and rented out providing an income of £1,500 pm.

Mobile phone accessory stand, stocked and staffed with the vendor reeceiving commission on items sold.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,500 p.w. - £3,000 p.w.

Staff

The business is at present operated by the vendor with 3 full time staff employed.

Trading Hours

7 Day week
MONDAY - FRIDAY 10 a.m. - 7 p.m.
SATURDAY 9 a.m. - 6 p.m.
SUNDAY 10 a.m. - 5 p.m.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2019 with reviews every 5 years (next review 2029) at a current rent of £28,200 p.a.

Business Rates from April 2025 £6,500 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2020.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £120,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 60,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote