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Newly Built Out Barber Shop In Shopping Center For Sale

Nassau County, New York, US
Asking Price:
$240,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$100K - $250K
Cash Flow:
Undisclosed

HS Listing ID-69698

Located on in a very busy shopping center in Suffolk County with plenty of parking

Barber shop has been here since 2019

New owner took over last year

Owner put $100k in renovations into fixing up the store and has been building back up sales

1,000 sqft store with 6 chairs and sinks

2 full time barbers working in the store currently with one part time

Parking in the front and back of the store

Washer + Dryer in the back

Lunch room for the employees to eat and relax

Large basement for additional storage. Currently being rented out for $1,000 a month

3 years left on the lease with an option to renew for 5 additional years

The shop is currently closed on Friday evenings and all day Saturday

Massive opportunity to grow the business by opening up on weekend and adding more barbers

Rent: $4,637.09 per month

Gross Sales: $15k – 20k per month

Reason for sale: Owner is looking to retire and change industries

No seller financing

A signed confidentiality agreement is required for the exact location

Property Information

Real Estate:

Lease

Lease Terms:

3 years left on the lease with an option to renew for 5 additional years

Leasehold Rent:

$55,644 per annum

Business Operation

Management type:
This business is owner operated.
Reasons for selling:

Retirement

Employees:
2

Other Information

Support & training:

Yes.