For Sale

Highly Renowned Barber Shop

Portsmouth, Hampshire

£44,950

Ref: B04173

Contact sales negotiator

Jessica Aspinall

01204556307

Email Jessica Aspinall

Share this property
Share

Description

Hilton Smythe welcomes to the market Ali Gee Barbers, established by our client in 2010 and now offered for sale due to our clients wish to move to a new country.

Highly renowned in the area, the business is 1 of the best barber shops in Portsmouth.

They offer professional barbering services including gent’s haircuts, beard line up with razor, beard shave, face threading, full head shave, hot towel shave.

They have special rates for OAPs from £5, kids haircuts at £6.99 and men's haircuts from £7.99.

They offer a consistent walk in trade from local residents, business people and retail workers and students.

Our client employs self-employed Barbers who work on a 60/40 sales split.

There is an excellent website included in the sale, an active Facebook page with 372 followers which includes a 5-star review rating!

Opportunity to increase current sales through a local leaflet drop and adding a further barber to the team.

Hilton Smythe highly advise early viewing to avoid disappointment.

Tenure

Leasehold

We are advised the business is being sold as a leasehold opportunity.

A new long lease will be available to any new buyer with a yearly rent paid of just £6,000.

We are advised the business benefits from full small business relief paying £0 rates for the current year.

Hours

Monday to Sunday, each day opening 9.00 am to 8pm each day.

Staff

The business is run by our client, with the help of 4 self-employed Barbers.

Financial Profile

Ali Gee Barbers generated a turnover in the region of £70,000 in 2017 with a gross profit of around £62,000. Our client advises the adjusted net profit is between £10-£15,000 with included assets of approx. £10,000.

Location

Ali Gee Barbers is located on the busy London Road in Portsmouth, Hampshire.

The business is centrally located on a parade of local shops and benefits from free parking directly outside and in the adjacent streets.

Portsmouth is a famous port city known for its maritime heritage and historic dockyard and home to the National Museum of the Royal Navy, It has become an excellent place for learning with Universities which attracts students from across the world.

The business is central to both the city centre attractions and a large residential area.

London road (A2047) links directly to the A27 and M27 cross country motorway linking Portsmouth to Southampton in the west and Chichester in the east.

The business sits between Hilsea main line train station and Fratton station with all main bus routes passing directly outside leading into the city centre.

Premises

Customer waiting area to the left with leather fixed seating, wall mounted tv.

4 barbering stations with professional barbering chairs, a full length fixed shelving unit, mirrors and separate kids chair to the left.

Till, card machine.

2 x camera point cctv.

Rear staff area includes kitchen area, staff room, staff storage facilities and toilet.

External - small shared garden area.

Read some of our helpful guides and blogs

Blogs

10 brilliantly designed restaurants in the UK

7th October 2016

As a Business Brokers, we’ve come across many restaurants all different sizes […]

Blogs

10 ways to advertise your business for free

28th May 2015

Advertising can be expensive, however when you’re just starting out or are […]

Blogs

4 things to consider when you sell a business

4th January 2018

Every major decision requires careful thought and consideration, and very few decisions […]

Blogs

4 ways to attract buyers to your Fish & Chip Shop

19th February 2018

Despite the ever-increasing range of fast food options available to us in […]