Services - Beauty & Barber Shops | Services - Other Personal Services

Asking Price	$69,000	Inventory
Gross Income	$84,375	Real Estate
Cash Flow	$74,375	Year Established	1965
FF&E	$5,000*	Employees	3

* included in the asking price

** not included in the asking price

This is a great barber shop with a prime location in the Shaws Super Market shopping center located in downtown Middlebury, Vermont. It is within walking distance of Middlebury College. It is a three chair shop with high volume and high local traffic. The owner uses one of the chairs and rents the other two chairs to other barbers. There is plenty of parking for you and all your customers. All the furniture and fixtures are included. The space is immaculate and the landlord for the building is Shaws Super Market which is also in the shopping mall. With a high repeat customer base this is truely a turn key operation. Go in and get a hair cut and check it out. Then call the listing agent to write up a contract for you.

Facilities: Joe's Barber Shop is located in a wonderful building that houses three other businesses. The space is immaculate neat and clean. The shop has 350 squarefeet including a rest room. It has three barber chairs and all the fixtures. There is plenty of parking. The lease has two more years to run with an option for another five years with only a $50 per month rent increase. Current rent is only $510 per month.

Competition: Only one other competitor in the area. Joe's Barber Shop is located in a high volume shopping center with plenty of parking. It is located right across the street from the Middlebury Food Co-Op one of Vermont's most popular Co-Ops. It is in the same shopping center as Shaws Super Market and other stores in downtown Middlebury.

Growth/Expansion: Revenue can be increased by expanding hours of operation. At present it is operated only as a barber shop but could also be a beauty salon. It has a high number of long time repeat customers and referrals customers. Marketing could expand the customers from Middlebury College

Financing: Local Middlebury bank and the SBA

Reason Selling: Moving out of the state