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Stylish Barbers with Potential to Expand

Sutton, Sutton

  • Asking Price: £49,950 +SAV
  • Turnover: The business reports a yearly turnover of circa £57,500 with a generous 97.5% gross profit.
  • Tenure: Leasehold

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Hilton Smythe welcomes to the market Ali Barbers. The business was originally founded in the 1960’s with our client successfully running the business for over 17 years. The business is very well known in the area and is well supported by the local community. Ali Barbers is a good size and very well presented with stylish décor and fittings with 4 barbers chairs. The business reports a yearly turnover of circa £57,500 with a generous 97.5% gross profit. The barbers currently opens limited hours which can easily be extended to further income. Currently the business offers services for gentleman only. Although, there is huge potential for the new owner to develop the business if required. There is a large basement currently unused which could be refurbished to either expand the barbers allowing for additional staff or the space could be used to diversify into complementary business such as hairdressing and beauty. Equally, the space could be let out to generate additional income subject to correct permissions. The barbers comes to the market as our client wishes to pursue a new career and we highly recommend early viewing of this well-established business in a prime trading location.

The business is owner run and managed with the assistance of 1 member of staff.

The business opens:- Tesday, Thursduay Friday and Saturday 9.00am – 5.00pmClosed Sunday, Monday and Wednesday.

The business is located in the large village of Cheam, in the London borough of Sutton. Ali Barbers is ideally located on the main high street amongst a parade of retail outlets, eateries and town centre amenities ensuring good footfall throughout the day. The business benefits from both a bus stop and Cheams railway station within a short walking distance and free parking for customers. The business is located just off the crossroads of the A232 and A217 both main commuter roads with heavy traffic. Cheam is also a densely populated residential area from which the business derives its trade.

Well-presented double fronted premise briefly comprising:- Excellent signage. Deceptively spacious work space with 4 barbers chairs, well-lit with wooden flooring. To the rear is the kitchen area/staff room and toilet. Rear door access from the kitchen to parking area for customers and 2 staff parking spaces. A doorway in the hallway leads to the basement. Equipment/Assets:-2 leather sofas4 leather salon arm chairs5 spot lit mirrorsWall mounted flat screenCCTV5 back washesTillTowel rack with towelsTable and chairs in kitchen. Basement room the same size as barbers, currently unused.

Tenure
We are advised leaseholdOriginal lease length is 10 yearsReviewed every 5 years3 years remain on the leaseRent is £11,250 per annum

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