For Sale
Well Established Barbers For Sale
Bath, Somerset
- Asking Price: £29,995 +SAV
-
Turnover:
We are advised the business generated a turnover of circa £54,000 as of 2023, further financial information can be made available upon request.
Please quote reference B06895
- Tenure: Leasehold
Please quote reference B06895
CoGoGo welcomes to the market an exciting opportunity to acquire (on a leasehold basis) an exceptionally well run and popular barbers’ business.
Trimmers of Bath has been under the careful and meticulous ownership of our client for almost 30 years, building up an excellent reputation within the city and further afield. Only now has the business been brought to the open market, as our client looks to leave the industry and is keen to see the business pass to a new owner who has the same passion, enthusiasm, and drive to take the business forward.
The business currently operates as a traditional gent’s barbers with rent a chair options, offering quality and stylish haircuts in a fresh and well-presented setting. During our client’s stewardship the business has built up an excellent reputation for its welcoming atmosphere and friendly service and therefore has a lot of repeated trade and word of mouth recommendations.
We feel there is scope to increase turnover with the undertaking of a robust marketing campaign via local press, social media, and further promotion of the dedicated website, along with offering some further products for clients to purchase.
This is a highly desirable business with an excellent business model in place and would be a very attractive proposition for either an individual or partnership looking for their first business in this sector which is already established, or for an experienced operator looking for an additional business with an attractive income stream.
All fixtures and fittings are to be included in the sale of the business.
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 the owner.
The business trading hours are:
Monday to Wednesday - 09:00am - 17:30pm
Thursday - 09:00am - 18:00pm
Friday - 09:00am - 17:30pm
Saturday - 08:00am - 17:00pm
Sunday - Closed
The business is located in a prime trading location on the popular Barton Street in the centre of the popular city of Bath and benefiting from being surrounded by a host of independent businesses leading to a good level of footfall and passing trade.
Bath is the largest city in the ceremonial county of Somerset, known for its Roman-built baths. In 2011, the population was 88,859. Bath is in the valley of the river Avon, 97 miles west of London and 11 miles south-east of Bristol. The city has software, publishing and service industries, theatres, museums, and other cultural and sporting venues which have helped make it a major centre for tourism, with more than one million staying visitors and 3.8-million-day visitors to the city each year.
The city also benefits from excellent transport links via road and also has a rail service giving access to major cities in the UK
The business is located in a ground floor traditional barber shop premises, that has undergone an extensive programme of refurbishment over the years and can be found in true turnkey condition. The shop has 5 chairs all with washing facilities, customer waiting area, service counter and further benefits from ample storage to the rear of the premises. The business also has a large staff room which could be used for something more than a staff room.
PLEASE NOTE THE LANDLORD IS OPEN TO CHANGE OF USE FOR THE PREMISES.
Tenure
We are advised the business is being sold on a Leasehold assignment basis with 4 years remaining on the Lease. The rent will be £22,000 per annum.
The business benefits from business rates relief.
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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
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