Historic Barbershop in Downtown Location

Not Disclosed, MA
Bristol County


Asking Price: Annual Revenue:
$49,900 Not Disclosed

Services: Hair, Nails, Spas, Tanning


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RE: Historic Barbershop in Downtown Location Broker: Jeffery Larrabee
Owner Financing is Available!
$25,000.00

Quick Facts

Asking Price: $49,900
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $7,324
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 604362860
Broker Reference #: 12821-605305

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Business Overview:

Here’s your chance to own an historic barbershop that has been a vibrant part of the community for decades. Recently updated throughout with new marble flooring, wood board walls, vanity mirrors and barber stations, this business is ready for the new buyer to sign a lease and to begin cutting. The business comes with over $7,000 in equipment including 6 chairs, 2 televisions, mats, air conditioner, hair washing sink and product display cabinets. In 2020, the seller invested nearly $30,000 in facility upgrades but had to relocate to the South before opening. Since there are no recent income figures, this business is being sold for all of the assets in place including upgrades, permits, equipment, fixtures, furniture, lighted exterior sign, leasehold interest, community reputation and goodwill. There are up to 9 stations to lease to individual stylists for an estimated $150 per week each plus additional floor space to display or sell related products or services. The $950 monthly rent includes the 500 square feet storefront space complete with a private bathroom and a basement storage area. There is a delivery entrance and employee parking area in the rear of the building and on-street customer parking in the front. The owner is willing to provide buyer financing with a significant down payment.
Established barbershop for decades with a variety of owners over the years. The business was bought in 2020 and extensively renovated with the intent to re-open in early 2021. This did not happen due to the owner having to relocate out of the area.

There are no major competitors in the immediate vicinity. Long term history of this barbershop should keep revenue consistent and competition at a minimum.

Rent out up to 9 stations to 1099 stylists. Add other services such as nails or eyebrow threading etc.

Attractive storefront in an historic multi-tenant brick building in downtown location.

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Reason for Selling:

Relocation

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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