Barber Shop in Excellent Brooklyn Location

Brooklyn, NY (Kings County)

Seller Financing Available
Barber Shop in Excellent Brooklyn Location

Asking Price:$119,000

Cash Flow:$80,050

Gross Revenue:$110,800

EBITDA:N/A

FF&E:$23,000

Inventory:N/A

Lease Rate/Sq. Ft.:N/A

Established:N/A

Barber Shop in Excellent Brooklyn Location

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Business Description

Don’t miss your chance to own this great business! It’s in an excellent part of Brooklyn that is seeing growth. Current owner has barber shop for 8 years and has great reviews. Before that the location was a barber shop for 20 years. It has five chairs and currently has three booth renters for the other chairs. Between rentals and own appointments, the owner brings home about $80,000 for himself a year. The reason the owner is looking to sell is because he wants to change careers.
This is a great business for a barber who either has existing shop, or a barber that wants their own place without the headache of worrying if the business will work in a new area – it does! With excellent foot traffic, car traffic, and new residential buildings coming into area, it is a great value for the location.
Owner is willing to sign non-compete and to stay on and train for 3 weeks at no charge and provide $17,000 financing payable at 5% over three years because he believes in business. This is the perfect practice for someone who wants to walk into profits right away without worry.
Note: All data on this business is provided by the Seller for information purposes only, and no representations are made by Broker as to the accuracy of same. Broker has made no independent verification of the data contained herein. Buyer is advised to perform its own due diligence and seek the advice of professionals prior to purchasing the Business.

Detailed Information

Real Estate:
Leased
Building SF:
650
Lease Expiration:
N/A
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
29000
Support & Training:
3 weeks
Reason for Selling:
other business interests

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Tom Gesimondo

Business Listed By:
Tom Gesimondo

Transworld Business Advisors

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