Business For Sale

Men's Barber Shop

Not Disclosed, FL
Palm Beach County

Palm Beach County


Asking Price: Annual Revenue:
$170,000 $233,000

Services: Hair, Nails, Spas, Tanning


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RE: Men's Barber Shop Broker: Martin Berliant

Quick Facts

Asking Price: $170,000
Annual Revenue: $233,000
Net Profit: $103,500
Cash Flow: $103,500
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: 2011
Employees: 5
BBN Listing #: 250729831
Broker Reference #: Not Disclosed

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Business Overview:

Very profitable 'old school' men's barber shop in northern Palm Beach County. Established for 7 years by current owner-operator who needs to sell due to health issues. Recently upgraded 1,000 square feet shop has new AC unit, beautiful wood floors, well appointed decor and waiting room, and six barber chairs. Over $100,000 spent on leasehold improvements and equipment included in asking price of $170,000. Long term lease with 15 years remaining, rent only $1,400/month (includes water). Shop currently has five full time barbers who get paid 65% commission. About 70% of the business is done in cash. Seller must go through buyer's ledger books and/or observe business to verify sales. Owner does cut hair himself and constitutes a significant portion of the $233,000 in annual sales. Owner benefit of +$100,000 for working barber to take over. Much room for expansion due to nearby residential and commercial developments. Please contact Martin Berliant for more information. Non-disclosure form is required.

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Reason for Selling:

health

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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