Listing ID: 80386
Great barbershop with up to 6 stations for sale in Metro Atlanta. The men’s grooming and barbering is experiencing a cultural resurgence and is expected to continue growing. Barbering is actually one of the fastest growing profession in the United States. While so many businesses are being disrupted by e-commerce, barbering enjoys immunity from this disruptive force.
This business offers the opportunity to not only put your barbering skills to work, bring your client list, it also has a great build out.
This business is located in a newer live, work, play master plan community!
Email us today to sign an NDA and lean more.
- Asking Price: $59,000
- Cash Flow: $96,739
- Gross Revenue: $293,481
- EBITDA: N/A
- FF&E: $35,000
- Inventory: $200
- Inventory Included: Yes
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
The transaction shall include inventory valued at $200, which is included in the requested price.
The business has 5 employees and is located in a building with estimated square footage of N/A sq ft.
The building is leased by the business for $3,500 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals choose to sell operating businesses. However, the real reason vs the one they tell you may be 2 entirely different things. For instance, they might state "I have too many other commitments" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these might simply be reasons to try to conceal the reality of altering demographics, increased competitors, recent decrease in revenues, or a range of various other factors. This is why it is really essential that you not rely absolutely on a seller's word, however rather, use the seller's solution along with your total due diligence. This will repaint an extra practical picture of the business's current scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which many businesses are, then you will need to consider this when valuating/preparing your deal. Lots of operating businesses borrow money so as to cover items like inventory, payroll, accounts payable, etc. Remember that occasionally this can suggest that earnings margins are too tight. Many companies come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future commitments to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with suppliers that need to be satisfied or might cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area attract brand-new clients? Many times, operating businesses have repeat clients, which create the core of their daily revenues. Certain factors such as brand-new competition growing up around the location, road construction, and employee turn over can influence repeat consumers and adversely impact future incomes. One crucial thing to think about is the placement of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more people that see the business on a regular basis, the better the possibility to develop a returning client base. A last idea is the general location demographics. Is the business placed in a densely inhabited city, or is it located on the outskirts of town? How might the regional typical home earnings effect future earnings prospects?