The Barber Parlour

Marshall, MI (Calhoun County)

Station One
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Asking Price: $6,000

Cash Flow: $25,000

Gross Revenue: $40,000

EBITDA: N/A

FF&E: $10,000

Inventory: N/A

Established: 1985

The Barber Parlour

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Business Description

Money Maker in Beautiful Downtown Marshall, MI.

The Barber Parlour has been in business at 103 S. Jefferson for thirty-four years. The Barber Parlour is one of the oldest businesses in the city. The Barber Parlour has generated more than $2,000,000.00 in business. The Barber Parlour has trained and employed numerous people who have gone on to open their own salons which in turn have generated income in Marshall.

This is a leased property. The landlord is very cooperative and has set the rent for a new business owner at $425.00.

A worst case scenario at The Barber Parlour:

Renting out only one of the three chairs.

$30.00 per day.
$150.00 per five day week.
$600.00 per four week month.
$7,200.00 per 12 month year.

The best case scenario:

All three chairs are rented.

$90.00 per day.
$450.00 per five day week.
$1,800.00 per four week month.
$21,600.00 per 12 month year. ($23,400.00 per 52 weeks).

By the way, research show in Michigan the average chair rental is $500.00 per month.

Expenses Examples Include:

Rent
Electric
Cleaning person (weekly)
Towels (weekly)
Rugs (weekly)
Phone
Wi-Fi
Alexa/Amazon Music Unlimited
Snow shoveling
Repairs (chairs, sinks, plumbing, etc.)
Maintenance
Insurance
Advertising and decorations
Candy
Back bar
Licenses
Taxes

Historically, this has been a business that has featured a barber and two cosmologists. Color is where the money is at, but cutting hair is profitable too.

Product sales is another profitable opportunity.

This is a large three chair shop with four additional rooms for storage. These rooms can be remodeled for other services such as a nail tech, massage, tanner, etc. The space in this property is immense and must be seen to be appreciated.

Detailed Information

Location:
Marshall, MI
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This is a large, three room, three chair shop with four additional rooms for storage. There is free parking in lots and on the streets of beautiful downtown Marshall. The lease is by the month at $425.00 and the landlord is committed to a long term situation.
Competition:
The shop is located at the corner of Michigan Ave and Jefferson Street. Michigan Ave. is the main street through downtown Marshall. Grand River Brewery is directly across the street. There is a great amount of foot traffic in Marshall, numerous restaurants and bars and friendly competition in the hair styling business.
Growth & Expansion:
There is so much space in this basement location that expansion would only be limited by the new owners imagination. The opportunity for a full service salon is available.
Support & Training:
The owner is ready and able to help build a new business owner's clientele. There are numerous shops in the area and many of the people working in them got their start in the Barber Parlour. The owner is more than happy to refer clients to her competition because she wants to serve her customers with what they need.
Reason for Selling:
The owner is soon to be 66 and looking forward to retirement.
Business Website:
http://www.facebook.com/downtownmarshallmichigan/
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Business Listed By:
James Oliver

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