Barber Shop For Sale

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Motivated Seller - Great Value Barber Shop With Terrific Traffic
Asking Price:
$55,000

Gross Revenue:
$173,000
Cash Flow:
$110,000
EBITDA:
$110,000
Inventory:
$1,000
included in asking price

FF&E:
$2,500
included in asking price

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Business Description

Price $55,000. This price is affordably higher with seller financing at zero percent interest rate over 3 years. Price is aggressively discounted because seller wishes to semi-retire which is a condition of sale. Minimum of $25,000 down.
Located in the heart of New York City's financial district, this Subway barber shop enjoys a robust walk-in business from the area's abundant foot traffic. Situated is a large office building as well, this 35 + year old establishment benefits from an extremely loyal customer base.
Annual Revenues are in excess of $170,000 from three full-time barbers.
Revenues will substantially increase with an additional full-time barber or two.
Two high-end, high-rise condos are currently under construction across the street (Fulton Street). This will materially increase revenues.
If interested, please call at 718-651-1193 between 8 PM and 9 PM or email at GinaAGA@aol.com.

About the Business

Year Established:
1981
Number of Employees:
3
Real Estate:
Leased
Building Sq. Ft.:
650
Lease Rate/Sq. Ft./Yr.:
$4.00
Lease Expiration:
7/29/2022
Facilities:
Leased facility, with washer & dryer, microwave oven and air conditioner included, as well as a bounty of supplies. Plenty of storage space.
Market Outlook/
Competition:
Minor competition in vicinity
Growth & Expansion:
Growth can be achieved by the addition of two additional barbers, some sprucing up of the premises, as well as some advertising and marketing.
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About the Sale

Reason For Selling:
Semi-retirement
Training/Support:
Seller wishes to remain in a semi-retired status. This is a condition of sale.
Seller Financing:
Will finance for higher price @ zero interest rate over 3 years.

Listing Info

ID:
1373532
Ad Detail Views:
1544

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Business Listed by
Louis Piccolo

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U.S. Census Data for New York County, NY
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Source: Decennial Census (2010), United States Census Bureau.

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Source: American Community Survey (2010-2014), United States Census Bureau.

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