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Business for Sale Summary

Barber Shop - 35281

Business Type: hair salon/ barber shop,misc. service/non-classifiable,other personal services,spa / dayspa / skin care
Barber Shop
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Financial Information (non-confidential)

General Information
Asking Price $140,000 Down Payment $140,000
Gross Revenues $300,000 Lease Remaining Register Free to View
Owner’s Cash Flow $110,000 Number of FT Employees Register Free to View

Financing

$140,000 Down and

Business Description

Long Established (11 years ) Main Street barber shop in affluent North shore town. Local institution. Main road location just off major corner. Multi generation client base-school age children, their fathers and grandparents. Long lease- 9 years with a 10-year option. Large residential development being built just behind the shop. Six (6) chairs plus dedicated/toddler/small child area. Four 4 full time barbers and one part time. 60/40 split with barbers. Owner works 4 days a week and nets $8,000 to $10,000 per month ($96k to $120k per year). All barbers will stay. Approx $300,000 gross (without tips) Owner has a detailed daybook with all records. No credit cards. 12 ft display case for rental or owners retail sales- jewelry, salon products, etc. Owner is relocating to Florida. Will stay with buyer and work until he leaves next summer. Opportunity to run barber shop full time or semi absentee. Contact broker Joseph Stansky for more details.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.