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Business for Sale Summary

Niche Shear Sales and Service Business in New York - 35799

Business Type: home-based business,internet business services (b2b),internet consumer services (b2c),misc. retail/non-classifiable,misc. service/non-classifiable,non-classifiable establishments,seller financing available,internet businesses
Owner Financing
Niche Shear Sales and Service Business in New York
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Financial Information (non-confidential)

General Information
Asking Price $125,000 Down Payment $65,000
Gross Revenues $180,000 Lease Remaining Register Free to View
Owner’s Cash Flow $60,000 Number of FT Employees Register Free to View

Financing

$65,000 Down and Balance of $60k for 60 months @ 8%

Business Description

This is an established Shears Sales and Service business, catering to a niche market with a dedicated client base of 500. The business is closely affiliated with one of the world's leading scissor brands and serves customers in the New York City metro area, North NJ, and beyond. Operating from a bustling New York County salon, it seamlessly handles both sales and service aspects. With an annual sales volume of 160 shears (growing year over year), each yielding an average profit of $200, the business is financially sound. In addition to its in-salon operations, the owner actively participates in trade shows to expand the customer base. A significant portion of the profits is generated from the servicing and sharpening of shears, a service efficiently carried out by the current owner. The sale package encompasses $20,000 worth of retail inventory and a $5,000 sharpening station, along with the essential sharpening and testing materials. The owner's commitment involves 15-20 hours of weekly work, resulting in an annual net profit exceeding $60,000. The business exhibits substantial potential for scaling and expansion, with sales on a trajectory for strong growth in the upcoming year. For a smooth transition, the seller is committed to providing guidance and support to the new owner. Additionally, they are open to holding a note with a $65,000 down payment to facilitate the sale. If you're interested in this promising opportunity, don't hesitate to reach out to the listing broker, Brian Bernstein, at 929-969-0007 to discover more about this thriving business.

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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.