Barber Shops for sale in Sutton

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 I’m really happy having just sold my online business within 2 weeks of advertising on Daltons 

Sarah Davies (June 2014) View More
Leasehold Price: £49,950 Price Reduced Sale Agreed Turnover: £57,353 Gross Profit: £55,910
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Business Description
BUSINESS
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.

LOCATION
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.

PREMISES
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 sofas

4 leather salon arm chairs

5 spot lit mirrors

Wall mounted flat screen

CCTV

5 back washes

Till

Towel rack with towels

Table and chairs in kitchen.

Basement room the same size as barbers, currently unused.

TENURE
We are advised leasehold

Original lease length is 10 years

Reviewed every 5 years

3 years remain on the lease

Rent is £11,250 per annum

HOURS
The business opens:-

Tesday, Thursduay Friday and Saturday 9.00am – 5.00pm

Closed Sunday, Monday and Wednesday.

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

FINANCIAL PROFILE
The business reports a yearly turnover of circa £57,500 with a generous 97.5% gross profit.


Tenure: Leasehold

Listed by: Hilton Smythe
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