5 Chair Barbershop With 10 Year Lease!
Not Disclosed, NY Kings County
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- RE: 5 Chair Barbershop With 10 Year Lease!
- Contact: Elliot Dweck
Quick Facts
| Asking Price: | $95,000 | |
| Annual Revenue: | $350,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | $50,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2015 | |
| Employees: | 2 | |
| BBN Listing #: | 865564169 | |
| Broker Reference #: | 189597-140031 |
Business Overview:
This is a beautiful barbershop located on a high traffic thoroughfare in Park Slope, Brooklyn. Owner is a barber himself and has 2 other barbers working in the shop. Owner currently works 6 days/week. The owner’s share of the revenue from the 2 barbers covers all expenses plus 3k/month in profit. There are 5 chairs in the shop so there is a huge upside potential by hiring more barbers. Owner spent over 100k 8 years ago building out the shop and has kept it in mint condition. There is currently a way below market lease of $2100/month with 10 years left.
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Property Features and Assets:
Monthly Rent: $2,100.00
Square Units (Foot, Meter): 450
Lease Expiration Date: December 31, 2033, 12:00:00 AM
Terms Options: 5 years 5 year option
Reason for Selling:
Other InterestsAdditional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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