Business For Sale

Barbershop For Sale in Pooler!

Pooler, GA
Chatham County


Asking Price: Annual Revenue:
$515,000 $390,489

Services: Hair, Nails, Spas, Tanning


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RE: Barbershop For Sale in Pooler! Broker: William Reyes

Quick Facts

Asking Price: $515,000
Annual Revenue: $390,489
Net Profit: Not Disclosed
Cash Flow: $146,522
Total Debt: Not Disclosed
FF&E: $13,000
Real Estate: Not Disclosed
Year Established: 2013
Employees: 7
BBN Listing #: 875052907
Broker Reference #: 57971-90012

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Business Overview:

Popular barbershop for sale located in the growing city of Pooler, GA. This business has more than doubled annual sales from 2014 to 2015, and again from 2015 to 2016. This year they are on pace to grow another 29%. Bottom line, this business offers a buyer plenty of opportunity for continued growth. The barbershop has built a loyal clientele by providing excellent service through its highly trained staff. It is artistically furnished with high quality furniture, fixtures and equipment which are in great working condition. It provides quality services such as: shampoo, cut, style and beard trims.

This business is a turn key investment; includes an already established reputation, including a 4.9 rating on Facebook and 4.7 rating on Google; and established vendor/customer/community relationship.

Seller is selling because of a desire to invest in a new venture. They are willing to sign a 2-year non-compete agreement and provide the new owner with 2 weeks of training at no additional cost. All offers will be presented.

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Property Features and Assets:

The current owner founded this men’s barbershop in 2013. Since then, they have become a leading provider of men’s hair in the greater Pooler area. The current owner left her former position at a competing barber shop due to employees being treated poorly, and opened her own salon with the sole purpose of treating her employees fairly. This barbershop began with only serving male children, which then grew to serving male adults as well. Since then, they have built a relationship with return family customers who return weekly. For any potential buyer, it offers the stability of a turn key investment with a reliable customer base in a growing industry.

Market Competition and Expansion:

This barber shop has two primary competitors which are 8 miles away. That said, they consider all other barber shops within the greater Pooler area direct competition. What separated them from their competitors is their unique experience, strong employee/employer relationships, locally owned and operated business, competitive rates and a pillar of the local Pooler community. Showing Comments Potential Growth Pooler’s local economy – has tripled its population, creating a boom in business and employment. “The economy has nowhere to go but up in Pooler, given the growth and all of the industries and new businesses and the residential growth," said Pam Southard, Executive Director, Pooler Chamber of Commerce. "Pooler is growing like crazy. That's the highlight - is Pooler is growing at a rate that's probably twice as fast as the general population and economic growth in the Chatham County area," said Dr. Michael Toma, Economics Professor, Armstrong University. Source: http://www.wtoc.com/story/32793002/pooler-chamber-of-commerce-holds-annual-economic-outlook-meeting Chatham County’s regional economy – which includes Chatham, Bryan, and Effingham counties – has been expanding above the national average for nearly seven years, creating 30,000 new jobs along the way, nearly all of them in the private sector. Since mid-2013, the growth has been substantial with growth projected for 2017 and beyond. The Savannah area will also benefit from the growth of the state of Georgia as a whole which is expected to grow above the national average in 2017 and beyond. Source: http://savannahnow.com/news/2017-01-18/savannah-economy-growing-healthy-pace Over the past five years, the film industry’s economic impact on Savannah increased 13-fold, growing from $26 million in 2012 to $353 million in 2016, providing local businesses, entrepreneurs, and artists with big opportunity. Noteworthy was that a lot of people who lived in Los Angeles were relocating to Georgia. From this growth, the largest local business sector effected was the is beauty industry which directly supports the film industry. The time to enter beauty in Chatham County has never been better.

Reason for Selling:

New venture.

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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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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