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20 Year Established Barber Shop

Collin County, TX

20 Year Established Barber Shop
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Asking Price: $79,000

Cash Flow: $48,021

Gross Revenue: $155,632

EBITDA: N/A

FF&E: $25,000

Inventory: $500

Established: 1999

20 Year Established Barber Shop

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Business Description

20-year established barber shop providing haircuts, color and shaving for men of all ages is now available for acquisition. This business was originally established 20 years ago in 1999 by the current owner of the business, and the business has outgrown the space and the owner has expanded into the current location in 2004. This business is located in a 1,150 SF of retail strip center that is anchored by global coffee shop and is next to an intersection with consistent heavy traffic and is surrounded by densely populated residential neighborhoods in all 4 directions. Most of the customers are Caucasian male individuals of all ages and ethnic groups from the surrounding densely populated residential neighborhoods and this business has built a loyal customer base for 20 years that span from the local area to distant cities. Competition is expected in this industry, but it hasn't affected the sales of the business because each shop has its own loyal customers. This full-service barbershop provides haircuts, color and shaving for men of all ages with superior service and quality. Gross sales of this business have been consistent for the last several years around $180,000-$190,000 per year without any marketing except for Facebook and general business listings on Yelp & Google. There are many ways to proactively market this business such as direct mailing, weekly specials and social media outlets etc. As the current owner does not put much effort into marketing, more proactive buyer can greatly benefit by building its own website, create more exposure online, set up online reservation system for clients' convenience, and hire more barbers to generate more revenue. This business is well established and has built solid customer base and just needs more proactive owner to market the business in the social media outlet and can reach its full financial potential.

Listing ID #000844
For more info, please call Kevin Chung at 1-866-519-2421.

Detailed Information

Location:
Collin County, TX
Inventory:
Included in asking price
Employees:
2FT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This business in a 1,150 SF space of retail strip center is located next to an intersection with consistent heavy traffic and nearby densely populated residential area and small businesses that attract numerous of people to the area. All equipment is in impeccable condition and in working order.
Competition:
The business has built up solid customer base nearly the past 20 years by providing high quality service and affordable price point.
Growth & Expansion:
There is minimal marketing done other than Facebook and Yelp and through word of mouth. Proactive marketing methods, especially online and social media outlets, to create more exposure and reach its full financial potential.
Financing:
100% cash at the time of closing or 50% Cash Down with SBA Financing for Qualified Bu
Support & Training:
Owner will provide a sufficient training for an agreed upon period to make the transition into the business as seamless as possible.
Reason for Selling:
Burned out/Retirement
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V-AID Group, Inc.

Business Listed By:
V-AID Group, Inc.

www.v-aidgroup.com

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers. The TABB Certified Business Broker certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the TABB.

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