5 Chair Barbershop with 10 Year Lease!

Name: 5 Chair Barbershop with 10 Year Lease!
Brand: Transworld Business Advisors
Price: 95000 USD
Availability: InStock

Listing Number: 189597-140031

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Listing Details

Price: $95,000

Location: Kings County, New York

Down Payment: $95,000
Sales: $350,000
Seller's Discretionary Earnings: $0
Inventory: $5,000
Furniture, Fixtures, and Equipment: $50,000
Rent: $2,100
Employees: 2
Year Established: 2015
Reason for Selling: Other Interests

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Business Description

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.