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Business for Sale Summary

Salon and Barber Shop in Kings County, NY - 36022

Business Type: hair salon/ barber shop,misc. service/non-classifiable,other personal services,owner financing available,spa / dayspa / skin care
Salon and Barber Shop in Kings County, NY
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Financial Information (non-confidential)

General Information
Asking Price $50,000 Down Payment $50,000
Gross Revenues $280,000 Lease Remaining Register Free to View
Owner’s Cash Flow $83,500 Number of FT Employees Register Free to View

Financing

$50,000 Down and

Business Description

Booming Kings County, New York salon and barber shop offer an extensive range of professional spa services. Specializing in eyebrow threading, eyelashes, and a diverse array of personalized beauty treatments, hair styling, and unisex barber services, the establishment provides a comprehensive beauty experience. The salon features a dynamic atmosphere with eight chairs and three private rooms within a spacious layout. The owner, operating seamlessly from a single chair, achieves an impressive annual income exceeding $80,000 as a skilled beautician alone. Rent is $7500, subsidized and covered by the following incomes: two stylists are currently employed under a commission split, collectively earning a substantial $5,000 per month for the owner. Additionally, the salon accommodates three sub-tenants who operate mini shops on-site, including a jeweler, convenience store, and astrologer psychic, contributing to the overall vibrancy. These sub-tenants pay rental fees of $2,600, $1,200, and $850, Furthermore, the salon presents a lucrative opportunity for additional revenue with five more available chairs and three treatment rooms suitable for staffing or rental. The growth potential is significant. The current owner firmly believes that a new owner with business acumen could realize an annual profit surpassing $200,000 after covering all operational expenses. Buyers must show proof of 65k in liquid funds to meet the seller. Contact Brian Bernstein at 929-969-0007 to arrange a meeting.

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