3 Seat Barbershop with Basement for Development in City of London

Description

Premium 3-seat barbershop with a large basement for development is available in the heart of the City of London on Cornhill, within walking distance of Bank, Moorgate, Liverpool Street, and Monument stations. Neighbouring landmarks include The Royal Exchange, the Bank of England, Lloyds, and high-end retailers such as Louis Vuitton, Montblanc, and Fortnum & Mason.Opened nine months ago, the business is an early-stage operation with a strong presence on Cornhill but not yet fully optimized for profitability, offering significant potential for an experienced operator. The sale is due to expansion plans being put on hold for financial reasons.Currently, the shop operates with two barbers, without product sales, generating approximately £10,000 per month. The customer base has grown to nearly 300 clients, with 42% repeat business and continued month-on-month growth.• Asking Price: £78,000 (5-year leasehold with a 6-month break-free clause from November 2026, £8,000 deposit included and transferable to the buyer, guarantor in place, 5-star Google Business page included)• Annual Turnover: ~£130,000 based on first 9 months (£2,500 per week)• Rent: £55,000 per annum plus VAT• Service Charge: £1,550 per annum plus VAT• Building Insurance: £1,409.51 per annum plus VAT• Business Rates: £15,368 per annum• Rents invoiced quarterly, with landlord amenable to monthly payments• Private landlord, with potential to negotiate a fresh long lease at lower rent (10 years)The fully fitted, turnkey premises include three Takara Belmont barber chairs, wash units, reception area, washer, dryer, CCTV, and a premium interior. A large, unused basement (64.5 sqm) offers strong expansion potential for additional chairs, new services, or treatment rooms.The sale includes the 5-star Google Business profile. Experienced staff are willing to remain with the business to maintain service for local clients.Serious enquiries only. Full financials available upon request.