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Business For Sale
EASTSIDE BARBER - OWNER WILL FINANCE
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Asking Price: |
$92000
USD USA Dollars
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Business for Sale Industry: |
Services: Hair, Nails, Spas, Tanning
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Reason for Selling:
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Retirement |
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Year Established:
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1955 |
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# of Employees:
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4 |
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Yearly Revenues:
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$125,000 |
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Yearly Cash Flow:
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$52,000 |
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Yearly EBITDA:
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$52,000 |
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Yearly Net Profit:
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$52,000 |
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Yearly Gross Income:
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$125,000 |
Business for Sale Overview:
This well established barber shop located in an eastern Cincinnati suburb was started in 1955 and has been operated by the seller since 1974. He wishes to retire and find a buyer that will continue the great reputation that he has developed. 2007 tax return shows seller’s income exceeding $50,000. He has 6 chairs and 4 barbers who work as independent contractors. Seller is flexible if the buyer would like him to stay on for a short or prolonged period of transition time. No advertising has ever been done. All clients have been developed through word of mouth.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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