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Business for Sale Summary

Landmark Barber Shop - Full Buyout or Partnership - 34359

Business Type: health/beauty/nutrition supply,misc. retail/non-classifiable,misc. service/non-classifiable,other personal services,professional services,seller financing available,hair salon/ barber shop
Landmark Barber Shop - Full Buyout or Partnership
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This business has received 17 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $150,000 Down Payment $150,000
Gross Revenues $450,000 Lease Remaining Register Free to View
Owner’s Cash Flow $140,000 Number of FT Employees Register Free to View

Financing

$150,000 Down and Possible for a well-qualified buyer.

Business Description

Fantastic Barber Shop for Full Buyout or Partnership - Established for 100 Years! Unheard of today. Price Reduced! The current owner has been here for the past 20 years. Fantastic reviews! This location is in the heart of an affluent area. They were closed for three months in 2020 to comply with state Covid regulations, but have seen a sharp upward trend since re-opening. 2021 will be the best revenue year they ever had. They are a full service barber shop. The space is 900 sq. ft. with 7 chairs, 5 for cutting, plus 1 kids chair and 1 for color. There are seven years remaining on the current lease with a rent of only $2,229/mth. The business is fully staffed. The owner would be willing to stay on to assist in a training and transition period. He is willing to hold a note for a qualified buyer. In 2019 the business grossed approx. $450,000 with a net cash flow of approx. $140,000.00. We are seeking a serious and financially qualified buyer with at least $150,000 in liquid funds for an outright sale, but the owner is open to a joint venture opportunity with a buy in for a 49% equity stake. This would be a good opportunity for a up and coming barber / hairstylist requiring low capital upfront for a turn key opportunity with a full buy-out option in the future. To learn more, please call, text or email Mel Vaz today at 631-767-0157 or melvaz@vestedbb.com. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

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.