Barbershop in business 74 years
Business Description
ESTABLISHED BARBERSHOP - 74 YEARS OF CONTINUOUS OPERATION
This exceptional barbershop opportunity represents over seven decades of dedicated service in Lake Zurich's growing downtown area. Operating successfully since 1952, this well-established business has built an enviable reputation and loyal customer base through consistent quality and professional service.
BUSINESS OVERVIEW:
- Annual Revenue: $114,391
- Cash Flow (SDE): $96,391
- Asking Price: $175,000
- FF&E Value: $1,500
- Inventory included in sale
KEY STRENGTHS:
- 74-year operating history demonstrates remarkable business longevity
- All appointment scheduling in place for 40 years ensures predictable revenue flow
- Well-established repeat clientele provides stable customer base
- Current owners operating part-time with significant overflow business indicating untapped potential
- Strong cash flow with SDE representing 84% of gross revenue
GROWTH OPPORTUNITIES:
The business is positioned for expansion in Lake Zurich's developing downtown corridor. With ongoing residential growth in the area and current owners experiencing overflow business, new ownership could capitalize on increased hours of operation and additional service capacity. The appointment-based model provides excellent scheduling flexibility and revenue predictability.
LOCATION ADVANTAGES:
Situated in Lake Zurich's growing downtown area, the shop benefits from continued commercial and residential development. This prime Lake County location offers excellent visibility and accessibility for the established clientele while positioning the business to capture new customers from expanding residential developments.
OWNER SUPPORT:
Current owners are retiring and willing to provide transition assistance to ensure seamless business continuity. Their decades of experience and established relationships will help maintain the shop's reputation and customer loyalty.
FINANCING:
Seller financing may be available, providing flexible acquisition options for qualified buyers.
This turnkey opportunity offers an established revenue stream, loyal customer base, and significant growth potential in a thriving market. The combination of historical stability and future growth prospects makes this an attractive investment for experienced operators or newcomers to the barbershop industry.
This exceptional barbershop opportunity represents over seven decades of dedicated service in Lake Zurich's growing downtown area. Operating successfully since 1952, this well-established business has built an enviable reputation and loyal customer base through consistent quality and professional service.
BUSINESS OVERVIEW:
- Annual Revenue: $114,391
- Cash Flow (SDE): $96,391
- Asking Price: $175,000
- FF&E Value: $1,500
- Inventory included in sale
KEY STRENGTHS:
- 74-year operating history demonstrates remarkable business longevity
- All appointment scheduling in place for 40 years ensures predictable revenue flow
- Well-established repeat clientele provides stable customer base
- Current owners operating part-time with significant overflow business indicating untapped potential
- Strong cash flow with SDE representing 84% of gross revenue
GROWTH OPPORTUNITIES:
The business is positioned for expansion in Lake Zurich's developing downtown corridor. With ongoing residential growth in the area and current owners experiencing overflow business, new ownership could capitalize on increased hours of operation and additional service capacity. The appointment-based model provides excellent scheduling flexibility and revenue predictability.
LOCATION ADVANTAGES:
Situated in Lake Zurich's growing downtown area, the shop benefits from continued commercial and residential development. This prime Lake County location offers excellent visibility and accessibility for the established clientele while positioning the business to capture new customers from expanding residential developments.
OWNER SUPPORT:
Current owners are retiring and willing to provide transition assistance to ensure seamless business continuity. Their decades of experience and established relationships will help maintain the shop's reputation and customer loyalty.
FINANCING:
Seller financing may be available, providing flexible acquisition options for qualified buyers.
This turnkey opportunity offers an established revenue stream, loyal customer base, and significant growth potential in a thriving market. The combination of historical stability and future growth prospects makes this an attractive investment for experienced operators or newcomers to the barbershop industry.
About the Business
- Years in Operation
- 74
- Employees
- Owner operated by two owners
- Facilities & Assets
- Located in a commercial building (previously residential) with large street view picture window. The building has two other offices currently rented to counseling services. Parking lot in rear with street parking in front. Walkable downtown location. Sale includes three electric styling chairs with optional 2nd room with two shampoo bowls. Ample cabinets and countertop space. Main room 400 sq. ft. with extra 100 sq. ft. room available rent $1200 to $1600 mo. (depending on final agreement) which includes utilities.
- Market Outlook / Competition
- This area has the typical number of franchises but because this is the longest existing shop in town and our service is excellent, what competition there is does not affect us
- Opportunities for Growth
- Future purchase of building possible. Downtown area continuing to develop with a lot of residential growth. Room to expand. These income numbers are based on two people working 21 hours a week
Real Estate
- Owned or Leased
- Leased
- Rent
- $1,200.00 per month
- Lease Expiration
- 6/1/2029
About the Sale
- Seller Motivation
- Retirement
- Transition Support
- Owners willing to stay on during transition.
- Financing Options
- possible financing with 50% down
Listing Info
- ID
- 2469946
- Listing Views
Listing ID: 2469946 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 of Use. Learn how to avoid scams.
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