Barber Shops for sale

View the "Premium Gentlemans Barber for Sale in Hampshire" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

Premium Gentlemans Barber for Sale in Hampshire

  • Price: £300,000
  • Annual Turnover: £205,000
  • Annual Net Profit: £71,000
Seller Reference: 62394-443740
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Business Description
 
 
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Seller Reference: 62394-443740
Request Details
Business Description
An exceptional 5-chair gentleman’s barbers in a high-traffic, central location in this affluent Hampshire town. The owner has developed a very strong brand and reputation, commanding a premium price in the market, with a loyal customer base.

This is a busy and vibrant business, 4 years old and highly profitable, it has achieved strong YOY sales growth every year and further growth of c.25% is forecast in the year ahead. In addition, this retail category continues to grow and demand exceeds supply in this town.

This business is an outstanding opportunity for a buyer to take to the next level:
- Strong brand and registered trademark
- Differentiated ‘premium barber-salon’ positioning
- High quality, loyal team
- Strong record of growth over last few years and expected further growth this year
- Strong sellers profit
- The business is already able to run effectively without the owner’s involvement
- Top-end pricing for the barber category
- A great location in the heart of an affluent town
- A strong relationship with landlord and 6 years remaining on a 10 year lease
- Very high consumer ratings e.g. Google reviews, Facebook etc
- The owner has developed a branded product range, which achieved sales of £6k last year
- EPOS, inventory and booking system
- Management training modules have been developed and are available to the buyer

There are some very strong growth opportunities:
- Extending opening hours during the current 6-day week
- Opening on Sunday
- Price increase opportunities
- Expansion to other locations, creating a branded chain
- The owner has been approached to consider concessions
- The owner is planning to offer a barber-training service
- Leverage the branded product range into wider distribution

This is of course an opportunity for a buyer to simply step into a high-performing, premium barbers. But it also represents a bigger opportunity for a strategic buyer, perhaps already in the category, who recognises the potential in the brand for expansion, perhaps through franchising.

The current owner is selling in order to develop a new and unrelated business opportunity that requires full focus.

We expect significant interest in this business. Seller finance potentially available.

Several competitors locally, but this business has a differentiated positioning

Potential Growth 25% expected in year to April 2020
Trading hours:
9am to varying 4:30pm to 8pm
Number of employees:
5
Support and Training:
4 weeks
Listed by:
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