Financing: $150,000.00 Down and Possible for a well-qualified buyer.
Reason for Selling:Retirement.
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 firstname.lastname@example.org. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!
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