Traditional Barber Shop on a main street in a GREAT location

Middlesex County, NJ

Seller Financing Available
Traditional Barber Shop on a main street in a GREAT location
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Asking Price: $60,000

Cash Flow: $30,000

Gross Revenue: $50,000

EBITDA: N/A

FF&E: $15,000

Inventory: N/A

Rent: $2,198 /Month

Established: N/A

Traditional Barber Shop on a main street in a GREAT location

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Business Description

This is an established traditional barber shop in the heart of this great community.

The community is undergoing a significant renaissance with new and not yet fully occupied residential construction within 200 yards of this location.

This business is perfect for a new owner operator and since the owner is the only barber on location currently and there are four chairs in the shop, the current capacity and the addition of new residential luxury apartment units make this a great opportunity.

Detailed Information

Real Estate:
Leased
Building SF:
900
Lease Expiration:
N/A
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Competition:
There is nothing but upside in this traditional barber shop in a great town with open chairs for other barbers / stylists and certain population growth in the immediate area.
Growth & Expansion:
Since the owner operator is the only barber at the moment and the location has four chairs, the new owner operator can attract new customers as well as bring in new barbers or stylists. Given the renaissance of the community, highlighted by the new luxury apartments within 200 yards, the new owner could retain the traditional barber shop or transition to a higher end salon.
Support & Training:
The owner would be willing to remain in a part time role.
Reason for Selling:
Other business interests and the desire to transition to retirement.
Franchise:
This business is an established franchise
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Contact the Seller

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Jack Cox, CPA, MBA, CBB

Business Listed By:
Jack Cox

NorthBridge Business Advisors

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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.

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