Business
Please quote reference B07372

CoGoGo are delighted to welcome to the market a portfolio of highly rated barbershops in Northamptonshire.

The business was originally established by our client in 2014, before rebranding in 2021. During that time, the business has built up an excellent reputation and repeat client base. As seen by the online ratings and reviews, the business is extremely popular within the local area. Our client then opened a second store in 2023 in Northampton, introducing a beauty service section.

The business has now come to the open market due to our clients desire to relocate overseas. 

The business specialises in all cutting styles and offers online booking or walk-in appointments. 

Key selling points –

• Well established
• Great reviews
• High footfall location
• Scope for expansion
• Self employed staff members on chair rent agreements

Scope to improve –

• Option for owner occupied or have the chair rented out 
• Rent out more chairs
• Promote the business

Our client has advised that they’re happy to offer a handover to ensure the continued success of the business.

Location
The three barber shops are located in Northamptonshire.

The business is nicely presented and maintained with clear visible signage.

Premises
Store 1 –

• 9 stations (Occupied by our client and 8 other renters)

Store 2 –

• 7 stations (Occupied by 6 renters)
• Beauty stations

Tenure
We are advised that the business is being sold on a Leasehold basis. 

• Store 1 – Currently on a 10 year lease, with the rent at £15,000 per annum. 
• Store 2 – Currently on a 5 year lease, with the rent at £12,750 per annum

Hours
The current trading hours are –

Monday to Tuesday – 10:00am – 6:00pm
Wednesday – 10:00am – 7:30pm
Thursday – 10:00am – 8:45pm
Friday – 9:00am – 9:30pm
Saturday – 9:00am – 5:00pm
Sunday – Closed

Staff
We are advised all 17 staff members are all self-employed. 

Financial Profile
We are advised as per the 2023 accounts, the businesses generated a combined turnover in the region of £115,000. Further financials can be made available upon request.