Asking Price: $55,000 Gross Revenue: $173,000Cash Flow: $110,000EBITDA: $110,000Inventory: $1,000 included in asking priceFF&E: $2,500 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
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
Number of Employees:
Building Sq. Ft.:
Lease Rate/Sq. Ft./Yr.:
Leased facility, with washer & dryer, microwave oven and air conditioner included, as well as a bounty of supplies. Plenty of storage space.
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.
The information on this listing has been provided by either
the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
and assumes no responsibility for its accuracy, veracity, or completeness. See our
full Terms & Conditions.