Barber Shop - Est 25 Years - Seller retiring

Kings Park, NY
Suffolk County

Suffolk North Shore

Asking Price: Annual Revenue:
$165,000 $175,000

Services: Hair, Nails, Spas, Tanning

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RE: Barber Shop - Est 25 Years - Seller retiring Broker: Seller of Business

Quick Facts

Asking Price: $165,000
Annual Revenue: $175,000
Net Profit: Not Disclosed
Cash Flow: $81,371
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 773035273
Broker Reference #: 11883

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Business Overview:

This mens Barbershop located in the Smithtown / Commack area has been a staple in the community for over 25 years. The current owner worked at this location for 5 years and continued their success when they bought it 15 years ago. Looking to semi retire and take a little break from this industry the owner is ready put this great opportunity into the hands of an experiened operator or someone looking to break into this industry. Turn key operation with 3 full time cutters and 1 part time with 4 stations and 1 wash station. All cutters with huge followings are looking to stay and continue there own success. The owner also works at there own pace and will profit around $35,000 in 2020 from just cutting hair. Pandemic Sales will be about $175,000. 2018 sales were $255,000, 2019 Sales were $273,000. One block off of Main St and surrounded by some big name tenants this location has a very low rent with room to increase sales. Currently operating 6 days a week and only cutting men & boys you can increase sales by extending hours and introducing womens cuts & styles. All equipment is in great shape and the organization and cleanliness of this shop is unbelievable. Seller will entertain ALL offers and landlord will extend lease with a qualified buyer.

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Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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