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Booming Salon And Barber Shop In Kings County For Sale

Kings County, New York, US
Asking Price:
$50,000
Sales Revenue:
$280,000
Cash Flow:
$83,500

Booming Kings County, New York, salon and barbershop offer an extensive range of professional spa services.

Specializing in eyebrow threading, eyelashes, and a diverse array of personalized beauty treatments, hair styling, and unisex barber services.

The establishment provides a comprehensive beauty experience. The salon features a dynamic atmosphere with eight chairs and three private rooms within a spacious layout.

The owner, operating seamlessly from a single chair, achieves an impressive annual income exceeding $80,000 as a skilled beautician alone.

Rent is $7500, subsidized and covered by the following incomes: two stylists are currently employed under a commission split, collectively earning a substantial $5,000 per month for the owner.

Additionally, the salon accommodates three sub-tenants who operate mini shops on-site, including a jeweler, convenience store, and astrologer psychic, contributing to the overall vibrancy.

These sub-tenants pay rental fees of $2,600, $1,200, and $850, Furthermore, the salon presents a lucrative opportunity for additional revenue with five more available chairs and three treatment rooms suitable for staffing or rental.

The growth potential is significant. The current owner firmly believes that a new owner with business acumen could realize an annual profit surpassing $200,000 after covering all operational expenses. Buyers must show proof of 65k in liquid funds to meet the seller.

Business Operation

Reasons for selling:

Retirement

Employees:
3 FT
Years established:
18

Other Information

Support & training:

Seller will train

Furniture / Fixtures value:
$15,000