Listing ID: 73281
Confidential offering – please be discreet & do not disturb the employees
or ongoing business. The CUT COLUMBUS at 275 S. 4th Street in Downtown,
OH. Fantastic premier downtown Columbus Barber Shop featuring 8 stations
can expand to 10. 1,600 square feet of space on S. 4th Street. Ideally set-up for
commission, booth, and suite ownership/rental. Priced at $100,000 for the
furniture, fixtures, equipment, and leaseholds with over $200,000 invested !!! Columbus’s premier Downtown Barber Shop offers cuts, trims, and shaves. An Absentee operation that is ideal for a Barber, Stylist, and owner-operator. Includes 2 parking spots in the rear of the building. This is a one-of-a-kind opportunity !!!
- Asking Price: $100,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2017
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,600
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
1,600 SF of first-floor prime retail on S. 4th Street that includes 2 parking spaces in the rear of the space
The company was founded in 2017, making the business 5 years old.
The company has Varies employees and is located in a building with disclosed square footage of 1,600 sq ft.
The real estate is leased by the company for $3,127 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people resolve to sell operating businesses. Nonetheless, the genuine reason and the one they tell you might be 2 absolutely different things. For instance, they may state "I have way too many various responsibilities" or "I am retiring". For many sellers, these reasons are valid. However, for some, these might simply be excuses to try to hide the reality of altering demographics, increased competitors, current decrease in profits, or a variety of other factors. This is why it is extremely vital that you not rely completely on a seller's word, however instead, utilize the vendor's solution combined with your general due diligence. This will paint a more realistic picture of the business's current circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which many companies are, then you will need to consider this when valuating/preparing your deal. Many companies take out loans with the purpose of covering items such as supplies, payroll, accounts payable, and so on. Bear in mind that in some cases this can imply that revenue margins are too thin. Numerous businesses fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future commitments to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with vendors that must be fulfilled or might lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area draw in brand-new customers? Often times, companies have repeat clients, which form the core of their everyday profits. Certain elements such as brand-new competition sprouting up around the location, road building and construction, and personnel turn over can influence repeat consumers as well as negatively impact future earnings. One vital thing to think about is the area of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Certainly, the more individuals that see the business regularly, the greater the chance to construct a returning consumer base. A last idea is the general area demographics. Is the business placed in a densely populated city, or is it situated on the edge of town? Exactly how might the regional median family earnings impact future earnings potential?