Business for Sale in Bungay

Bungay, Suffolk
REF: S07285

Asking Price:
£58,000
Annual Turnover:
£56,290
Annual Net Profit:
£22,534
REF: S07285
Photo of Business for Sale in Bungay
Photo of Business for Sale in Bungay
Photo of Business for Sale in Bungay
Photo of Business for Sale in Bungay

Overview

Tenure:
Leasehold
Established:
2015
  • Excellent Reputation
  • Huge growth potential
  • Wide Variety of Products & Services
  • Well Equipped Business
  • Friendly & Professional Team

This is a great opportunity to take on a reputable barber and tattoo studio in a great position in a town in Suffolk.

Trading since 2010, the business has built up a sizeable customer base through its lengthy standing within the local community, affording it an excellent reputation.

As it is the only business that offers both affordable haircuts and professional, well-done tattoos in the town, it is unique to the area. A new owner would take on a central, well-equipped premises and repeat customer base to continue trading effectively.

For approximately nine years, the business’s team of one full-time and two part-time employees deliver a friendly, welcoming service, making clients feel completely at ease and tailoring each haircut/tattoo to their individual requirements.

The premises itself boasts a sleek, contemporary design. Externally, opening times are displayed on the window, as well as the business name and price for over 65s. Inside, the ground floor hosts the main salon area upon entry, with a waiting area to the left and a total of three hair stations and one washing station straight on. The backroom is used as a tattoo studio and is rented out to an individual tattoo artist, bringing the business a rental income.

The business promotes itself through Facebook, with over 380 followers. Customers can also utilise its online booking platform to book an appointment, inclusive of children’s cuts, wet and dry cuts, clipper cuts and beard trims.

This is a brilliant opportunity to take on a well-established barbers and tattoo studio with a fantastic reputation in the area and a strong base of clients.

Ideal for a current barber or tattoo artist looking to take on a profitable venture, a new owner could take steps to grow the business further.

Hiring more staff and increasing the number of hair stations would allow more clients to be seen at once. Alternatively, chairs could be rented out to individual stylists to keep overheads low. Additional marketing through other social media channels would be a great way to advertise the business’s offering to a wider audience.

The current owner is willing to stay on for a transitional period in order to hand the business over smoothly to its new owner.

Features

Online Presence

Location

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  • High Street Location
  • Close to Local Businesses
  • High Footfall
  • Nearby Car Parking
  • Good Transport Links

Property

Annual Rent
£8,000
Annual Rates
£478
Lease Term (Years)
TBC
Lease Expiry (Year)
TBC
Accommodation Included
No
EPC Rating
C 51-75

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
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Number of Employees
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Current Ownership
XXXX

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