Barbershop For Sale in Woodbridge/Lake Ridge

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Asking Price:
$95,000

Gross Revenue:
$360,000
Cash Flow:
$110,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$1,000
included in asking price

FF&E:
 Not Disclosed
included in asking price

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Business Description

Established for 18 years. Located in grocery anchored shopping center at extremely good rent. 2,600 sf for only $2,800/mth rent. 4 full time + 3 part time staff. This barbershop/hair salon also has nail care service. Established, loyal, repeat customers. Run of the mill service with annual gross approximately $360,000. 7 hair/barber chairs, 3 pedicure chairs, 1 manicure table, 2 massage rooms, 1 facial room.

About the Business

Year Established:
2000
Number of Employees:
7
Real Estate:
Leased
Building Sq. Ft.:
2,600
Lease Amount/Yr.:
$12.00
Facilities:
2,600 square feet at $2,800/month rent. Roughly another $500/mth for NNN charges. 7 hair/barber chairs, 1 shampoo, 1 dryer, 3 pedicure chairs, 1 manicure table, 2 massage rooms, 1 facial room, 1 set of washer/dryer.
Market Outlook/
Competition:
Well established with not much marketing
Growth & Expansion:
Need a little bit of face lift and aggressive marketing, this salon can grow further easily.
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About the Sale

Reason For Selling:
Business consolidation
Training/Support:
Owner will stay a short time to train. Most staff will stay if new owner desires.

Listing Info

ID:
1584738
Ad Detail Views:
0

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Business Listed by

Vinh Nguyen

Westgate Business Group, LLC
License# Licensed in DC, VA, MD

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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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