Business
Please quote reference B06936
CoGoGo welcomes to the market an exciting opportunity to acquire (on a leasehold basis) an exceptionally well run and popular barbers’ business.
Baseri Barber Shop has been under the careful and meticulous ownership of our client for just under 4 years, building up an excellent reputation within the area 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.
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The business currently operates as a traditional gent’s barbers with rent a chair option, offering quality and stylish haircuts in a fresh and well-presented setting. During our client’s time in the business, it 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.
The business is currently open 7 days a week including bank holidays. Our client focuses on taking bookings online however do also accept walk-ins. There are 2 barbers on the booking system and 1 barber focused on walk-ins. The business generates income via barber services and white-label hair and beard styling products. All card payments are accepted including cash (80% digital and 20% cash).
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, leveraging loyal customer base on booking system and expanding client portfolio, and looking at expanding to franchise due to loyalty base built up in Twickenham/Richmond area.
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.
Location
The business is located in a prime trading location on the popular Twickenham and benefiting from being surrounded by a host of independent businesses leading to a good level of footfall and passing trade.
Twickenham is a suburban district in London. It is situated on the river Thames southwest of Charing Cross. Historically part of Middlesex, it has formed part of the London Borough of Richmond upon Thames since 1965, and the boroughs headquarters are in the area.
The city also benefits from excellent transport links and has a rail service giving access to major cities in the UK.
Premises
The business is located in a ground floor traditional barber shop premises, which has undergone an extensive programme of refurbishment over the years and can be found in true turnkey condition. The shop has 4 chairs all with washing facilities, customer waiting area, service counter and further benefits from ample storage to the rear of the premises.
Tenure
We are advised that the business is being sold on a Leasehold basis, with 7 years remaining on the 10 year lease. The rent is £1,250 per month.
Hours
The business hours are –
Monday – 9:30am–7:00pm
Tuesday – 9:30am–7:00pm
Wednesday – 9:30am–7:00pm
Thursday – 9:30am–7:00pm
Friday – 9:30am–7:00pm
Saturday – 9:30am–6:00pm
Sunday – 9:30am–4:00pm
Staff
We are advised that the business has 3 full-time members of staff.
Financial Profile
The business generated a turnover of £120,000. Further financials can be made available upon request.
Please quote reference B06936
