Archived
Reputable Barbers For Sale
Glasgow,
- Asking Price: £39,999 +SAV
-
Turnover:
We are advised the business generated a turnover of circa £50,000 as of 2020, further financial information can be made available upon request.
Please quote reference B06624
- Tenure: Leasehold
Please quote reference B06624
Hilton Smythe is welcoming to the market Badguy Brand Barber Shop. The shop was established in 2018 by our client, only now does our client look to sell the business as he embarks on another business venture.
During our client’s stewardship the business has built up an excellent reputation for its welcoming atmosphere and friendly service, and also for supplying quality handcrafted grooming products, resulting in lot of repeat trade and word of mouth recommendations
The business is run by the current owner with help from 4 self-employed barbers. We are advised that the business generated a turnover in the region of £50,000 in 2020, with covid having an impact on the trade. The 2021-year end accounts are projecting an increase.
There is also potential to increase the turnover by undertaking a robust marketing campaign via social media along with the introduction of a dedicated website to help further promote the business and services offered.
The business trades on its reputation for quality and service and has outstanding future possibilities. It would potentially be an ideal acquisition to some similar sized or larger enterprise looking to increase its position and presence within the industry.
All fixtures and fittings are to be included in the sale, with some personal items being removed.
A tremendous opportunity to own this well-established and popular business, and early viewings are highly recommended to avoid disappointment.
The business is run and managed by 3 full time and 1 part time staff member.
The business trading hours are as followed:
Monday to Friday - 09:30am - 18:00pm
Saturday - 09:30am - 16:00pm
Sunday - Closed
The business is located on the busy and thriving Alexandra Parade (G31) in the Dennistoun area of Glasgow, surrounded by a host of complimentary independent businesses leading to a good level of footfall and passing trade. The area further benefits from a host of local amenities along with good public transport links by both bus and rail to all other parts of the city.
The business is located in a stylish mid parade premises briefly consisting of the main entrance with reception area located at the front with seating on either side for waiting customers. Main salon area is currently fitted with six workstations set up as well as two backwash chairs. Wall mounted storage rack for towels and sink located to the rear.
The small staff area has a storage room and toilet facilities. Rear door leads to a corridor for fuse boxes and fire escape. Lighting has all been recently upgraded with LED panels and new blinds have been fitted with solar powered motors. The business also benefits from excellent external signage.
Tenure
We are advised the business is being sold on a Leasehold basis with 5 years remaining on the Lease, the rent is £1500 per month.
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Hilton Smythe have their very own independent commercial finance broker Hilton Smythe Finance who can help with raising the money to buy your new business.
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.
