16 Year High End Barbershop in Montgomery County,

Not Disclosed, MD
Montgomery County


Asking Price: Annual Revenue:
$229,000 $300,000

Services: Hair, Nails, Spas, Tanning


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RE: 16 Year High End Barbershop in Montgomery County, Broker: Guillermo Birmingham

Quick Facts

Asking Price: $229,000
Annual Revenue: $300,000
Net Profit: Not Disclosed
Cash Flow: $73,000
Total Debt: Not Disclosed
FF&E: $35,000
Real Estate: Not Disclosed
Year Established: 2006
Employees: 4
BBN Listing #: 579643891
Broker Reference #: 9525-200351

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Business Overview:

High End Barbershop/Salon ensconced in a vibrant downtown setting surrounded by office buildings, apartment complexes and restaurants. Owner recently invested over $200,000 in a complete buildout with high end building materials, making the decor an unmatched showplace. The shop boasts long term and loyal clientele. Currently, marketing efforts are by word of mouth. With a nominal marketing campaign, the business can attract more clientele from the surrounding office buildings and apartment complexes.

Recovery from pandemic slow down almost complete as sales are projected to finish 2022 at a growth rate of 20% over 2021 sales production.

Stylists can work on both men and women's cuts.

Currently the shop is set up for six barber stations.

This is an attractive turnkey operation with a strong client base.

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Reason for Selling:

Retirement

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.

Relevant Links:

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