Barber Shops for sale in Malton

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Extremely popular Barbering business for sale

Malton, North Yorkshire, England

  • Leasehold Price: £44,995
  • Turnover: £87,000
Seller Reference: B06254
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Business Description
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Seller Reference: B06254
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Business Description
Please quote reference B06254

Hilton Smythe is welcoming to the market Cutthroat Barbers Malton. A popular Barbering business located in the Heart of Malton, Yorkshire. The business was established by our client back in 2015, only now does the business come to market due to family commitments.

The Barbers offers a number of services including Barbering, ladies cuts and colours, shaves and eyebrows to name a few.

Since establishment, the business has built up an excellent reputation for its welcoming atmosphere and friendly service, therefore has a lot of repeat trade and word of mouth recommendations, alongside the abundance of footfall due to the trading position at Market Place.

The sale of the business includes -

  • 6 barber chairs

  • Waiting area chairs

  • Storage

  • Counter with card reader

  • Backwash system

  • Website with online booking system

  • Social media pages

The business is run by the proprietor and 5 staff members. There is ample scope to increase the turnover by either employing more barbers or renting more space, the building is 3 storeys, therefore there is also scope to increase services offered, such as adding a beauty room etc.

We are advised that the business generates a turnover in the region of £87,000 per year with high gross profit margins and low overheads.

Cutthroat Barbers has an Instagram and Facebook account boasting excellent reviews, with customers stating, ‘Great Haircut as always, highly recommend’ and ‘Really friendly, great haircuts, quality all round’

Our client is offering a hand over period to ensure the continued success of the business and introduce the new buyer to the regulars.

We feel it would suit a partnership or run as a family business.

This rarely available opportunity is not to be missed, early viewing is highly advised.

Cutthroat Barbers is located at Market Place, Malton, surrounded by a wealth of complimentary shops and businesses, which provides ample footfall.

The town is well known as a top foodie destination with its famous food festival, monthly food market, Malton Cookery School, traditional food shops and ‘Made in Malton’ artisan producers.

The area of the business is well supported with public transport links, providing bus and train services to and from surrounding towns.

The A64 is just a short drive away which leads to the M1 Motorway network.

The barbers is situated on a corner trading position at Market Place, Malton. The premises are decorated and kitted out to a very high standard, with modern décor, bespoke lighting, and high spec equipment throughout.

Upon entrance is the main service area including the waiting area and counter. There are 2 additional floors, the first and ground floor have 3 cutting stations. The second floor provides space for expansion should the purchaser desire.

We are advised that the business is being sold on a Leasehold basis, with 2 years remaining on the 3 year lease. The rent is £550 per month and has £0 rates payable. 

The business hours are - 

Monday – 9:00am – 5:00pm
Tuesday – 9:00am – 5:00pm
Wednesday – 9:00am – 5:00pm
Thursday - 8:30am – 5:30pm
Friday - 8:30am – 5:30pm
Saturday - 8:00am – 3:00pm
Sunday - Closed

We are advised that the business is owner ran and managed, with rentals for 1 full-time and 3 part-time workers. The business also has 1 employee and 1 apprentice. 

Financial Profile
We are advised as per the 2019 accounts, the business generated a turnover in the region of £87,000. Full financials can be made available upon further request. 

Please quote reference B06254

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