For Sale
Highly Rated Barber Shop For Sale
Derby, Derbyshire
- Asking Price: £39,995 +SAV
-
Turnover:
We are advised as per the 2022 accounts, the business generated a turnover in the region of £147,000. Further financials can be made available upon request.
- Tenure: Leasehold
Please quote reference B07191
Hilton Smythe are delighted to welcome to the market The Barber's Lounge, a highly rated barbershop in Borrowash, Derbyshire.
The business was established by our client 2013, building up an excellent reputation and very loyal customer base.
The Barber's Lounge has now come to the open market as our client is looking to relocate.
Key selling point -
- Well established local barbershop (9+years) with over 2000 client details registered on the current online booking system.
- Over 5000 followers on social media.
- Turnkey business.
- Prime location situated between Derby and Nottingham.
- Excellent public transport links.
- Huge car park opposite.
- 3 Full time staff members.
- Scope for expansion on staff
- Cheap rent and utility costs
- Free local business rates
- Look at taking on more staff as they have 5 barber stations
We are advised that the business has self-empolyed members of staff.
The current trading hours are -
Monday – 9:00am – 6:00pm
Tuesday – 9:00am – 6:00pm
Wednesday – 9:00am – 6:00pm
Thursday – 9:00am – 8:00pm
Friday – 9:00am – 8:00pm
Saturday – 8:00am – 4:00pm
Sunday - Closed
The Barber's Lounge is located on Nottingham Road, in the village of Borrowash, Derbyshire.
The business has eye catching signage and receives high levels of footfall and passing trade.
Occupies a highly desirable position.
Ground floor (No hot water or heating in premises) -
- 5 Barber stations
- 3 Waiting benches
- 2 x Toilets
- Small kitchen area
Tenure
We are advised that the business is being sold on a Leasehold basis, currently on a rolling agreement. The rent is £600 per month. New lease to be made available with rent of £650 per month.
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Representative Example
Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
Rates may differ as they are dependent on individual circumstances. Subject to status.
