Listing ID: 81039
Business Overview
Motivated Seller! Semi-Absentee Barber Shop in a Busy Shopping Center.
This highly profitable barbershop has staff in place and the location is highly desirable with a waiting list. The business generates over $140,000 of annual revenue with semi-absentee management.
Three chairs are worked by independent barbers and additional barbers will increase revenue. The barber shop can be seen from the parking lot of one of the busiest shopping centers in Las Vegas. Started in 2019, you can purchase a turn-key ready business!
This business has experienced unprecedented growth and the peak is still ahead. If you are ready to take over a turn-key operation in a busy location then this one is for you!
For quickest response to your inquiry, please call listing broker Larry Goldstein (RE# S.0188852; Business Broker Permit# BUSB.0007059) at 702-546-8844 or email larryg@fcbb.com.
Financial
- Asking Price: $75,000
- Cash Flow: $64,676
- Gross Revenue: $144,640
- EBITDA: N/A
- FF&E: $11,195
- Inventory: $4,000
- Inventory Included: Yes
- Established: 2019
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:215
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
This is a leased location of 215 square feet with a Total Monthly Rent of $2,408. Lease is Month to Month. Seller is active in the business with 3 Independent Contractors. Hours of operation are 9am-6pm Monday to Friday and 9am-5pm Saturday and Sunday. $4,000 in Inventory and $11,195 in FF&E included in asking price. $500 made in Leasehold Improvements. NV Barber State of Health and Sanitation License required.
2 weeks
Focus on Other Owned Barber Shop / Started Business
Additional Info
The company was started in 2019, making the business 3 years old.
The deal will include inventory valued at $4,000, which is included in the requested price.
The business has 3 Independent Co employees and resides in a building with approx. square footage of 215 sq ft.
The real estate is leased by the company for $2,408 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons people resolve to sell operating businesses. Nonetheless, the true factor vs the one they say to you might be 2 absolutely different things. For instance, they might state "I have way too many various obligations" or "I am retiring". For many sellers, these factors are valid. But, for some, these may simply be justifications to attempt to hide the reality of transforming demographics, increased competitors, current reduction in incomes, or a range of various other factors. This is why it is really crucial that you not count totally on a seller's word, yet instead, utilize the seller's response together with your general due diligence. This will paint an extra sensible image of the business's existing situation.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Numerous companies borrow money so as to cover items such as supplies, payroll, accounts payable, etc. Remember that in some cases this can suggest that earnings margins are too tight. Many organisations fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future commitments to think about. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that have to be met or might lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area attract brand-new consumers? Many times, businesses have repeat consumers, which develop the core of their daily revenues. Specific elements such as brand-new competition sprouting up around the area, roadway construction, and staff turnover can impact repeat customers and adversely affect future incomes. One essential thing to consider is the placement of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Obviously, the more people that see the business regularly, the greater the opportunity to develop a returning customer base. A final idea is the general area demographics. Is the business situated in a largely populated city, or is it situated on the outside border of town? How might the regional typical family income influence future revenue potential?
