Barber Shop Nets $100k SLN208

Price: $185,000

Location: Middlesex, New Jersey

Industry: Salon

Listing ID: SLN208

Owner retiring from this successful full-service Barber Shop & salon located in a wonderful area of Northern New Jersey and in Middlesex county. The company has a gross income of $372,151 and a net yearly income of $108,000. They are a full-service Barber shop / salon, representing 80% of male customers and 20% women.

 

 

 

Listing Details

Revenue: $372,151

Cash Flow: $100,000

FFE: $50,000 (Included in Price)

Inventory: $2,000 (Included in Price)

Lender Pre-Qualified?: Yes

Form of Ownership:

Corporate

Terms and Conditions?:

Owner financing, down payment to be negotiated, five year term 6% interest, to a qualified buyer.

Reason For Sale:

The purpose of this business transaction is due to the owner’s retirement after many years in the salon industry.

Training & Support:

Training and owner support, the owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.

Operation

Year Established: 1995

Year of Last Acquisition: 1995

Days & Hours of Operation: Seven

Employees: Seven full and part time employees

Location

Security on Lease: 5730

Lease Option: Lease options available.

Monthly Rent: 3850

Type of Location: Commercial

Square Footage: 1100 plus

Facilities Information:

This long-standing hair salon consist of approximately 1,050 square feet with a modern and professional appearance. The business is located at a highly active commercial mall with numerous daily shoppers and many other active retail businesses. This opportunity is in Northern New Jersey, Middlesex County, which consists of a highly populated urban city with continued demand for this industry.

Ron Cervelli

contactus@regalconsultants.com

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