Listing ID: 81483
Business Overview
A popular grooming shop for guys! The premier destination for remarkable haircuts, shaves, hand & food care, all in a relaxed “man cave” nirvana.
Amazing build-out. Cool modern industrial interior with commercial lighting, wood beams, metal cladded walls, concrete floors, charred wood panels & cabinetry, stainless steel countertops, high resolution murals, barn doors, comfy furniture, leather & welded iron accents and more. A luxurious masculine space where men can unwind and have the opportunity to choose from a variety of spa-like treatments.
A fully equipped world class environment. Major equipment included: reception desk, retail unit, beverage fridge, beverage cabinet, wet station w/sink, barbering cold towel fridge & towel warmer, barber cabinets & chairs, shampoo hampers & towel cabinets, H&F towel cabinets, H&F chairs, work carts, scent machine and much more.
Walk-ins welcome. Also, online booking and e-gift certificates. As well as a monthly grooming club. Plus, available for private events such as bachelor parties, birthdays, guys night out, holiday celebrations, business meetings, retirement parties, congratulation gatherings and more.
Asset sale – no financials.
Location: Prime retail space in an incredible mixed-use commercial building zoned an M1-2 space that can be used for retail, food and bev, light manufacturing, specialty fitness, public assembly or music venue. On 10th street between Berry St & Wythe Ave in the thriving North Williamsburg neighborhood. Near popular destinations such as Brooklyn Brewery, Brooklyn Bowl, Wythe Hotel, Output, Matchabar, Kinfolk, Verboten, Heatonist, Cafe Mogador, Bushwick Inlet Park, McCarren Park and more. Also close to Amazon. Plus, surrounded by several other hotels.
Feel free to stop by the location first. This is a highly confidential listing. If interested, contact EatZ for more information. Showings by appointment only.
Listed By Tami Hillier at EnergiZ & Associates
Financial
- Asking Price: $49,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2019
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,000
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Leased space $12,983/mth gross. New lease terms to be negotiated. Square Feet: 2,000. Days/Hrs of Operation: Tu-Su 10a-6p. Value of FF&E: Included In Asking Price.
One-week training camp at H&N corporate headquarters.
Great opportunity.
An iconic “male only” salon franchise. An extraordinary self-care focused brand. The pinnacle of relaxation and pampering for men. An exceptional high-quality grooming club. A place where all men are created equal and all men feel comfortable. Clients get their own tv & remote, top of the line noise cancelling headphones, a complimentary beverage (spirits, beer, soda or water) and custom crafted seating. Where comfort is priority number one and every man feels like a modern-day king. Provides more than a service, delivers a unique self-care experience. Boasts licensed staffs, top-notch tools, powerful partnerships with Paul Mitchell & HattoriHanzo Shears, recurring memberships, multiple revenue streams, a recession resistant service and a popular service driven retailer. Also offers a variety of all-natural quality products including products from Footlogix, V76 by Vaughn, Brickell and their very own Hammer & Nails line. Already a hit among high profile celebs and businessmen. Featured on CBS, GQ, Hallmark Channel Home & Family, Los Angeles TimesTeam Coco, TMZ Live and Shark Tank! Ideally located in a high per capita income area - North Williamsburg’s residents have seen income levels comparable to neighborhoods such as Hell’s Kitchen, East Village and Chelsea.
Men’s grooming is enjoying a huge wave of popularity. More and more men are seeking out destinations for high quality grooming. Fulfills the need for a place just for men for all their grooming needs - hair, beard, skin and hands & feet. Loved by many. Loyal customer base. Lots of repeat business. Highly rated and recommended! THE grooming shop for men in Brooklyn and the surrounding area. Perfectly situated in a rapidly growing high-income area - the population in North Williamsburg has grown 65% since 2000 with a 43% increase in college degree holding residents and a 41% increase in average income. And its population is expected to increase as new developments open for leasing in the coming months and years! Hammer & Nails was founded in 2013 in Los Angeles and began franchising in 2015. The franchise has already awarded licenses for more than 300 shops and is working to have 250 locations open and operating by 2022. The brand has truly discovered an untapped sector of the massive health and wellness industry - no one is delivering male-centered grooming services the way they are. As the only niche male grooming franchise available, Hammer & Nails has a first-to-market advantage in the ever-growing male grooming industry. Globally, this industry is expected to reach over $29 billion by 2024. The future of men’s grooming. This is your chance to get in at the ground floor of their development in New York City!
This Business Is An Established Franchise
Additional Info
The venture was established in 2019, making the business 3 years old.
The building is leased by the business for $12,983 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons people decide to sell operating businesses. Nevertheless, the genuine factor vs the one they tell you may be 2 entirely different things. For instance, they may say "I have too many various responsibilities" or "I am retiring". For numerous sellers, these factors stand. However, for some, these may simply be justifications to try to hide the reality of altering demographics, increased competitors, recent reduction in profits, or a range of various other factors. This is why it is extremely important that you not count totally on a vendor's word, but instead, make use of the seller's solution combined with your general due diligence. This will repaint an extra practical picture of the business's current circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of companies take out loans with the purpose of covering things such as stock, payroll, accounts payable, etc. Bear in mind that occasionally this can suggest that earnings margins are too tight. Lots of businesses fall under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may also be future commitments to consider. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with suppliers that need to be fulfilled or may cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location attract new customers? Many times, businesses have repeat consumers, which develop the core of their daily revenues. Specific aspects such as brand-new competition growing up around the area, roadway construction, and employee turnover can affect repeat consumers and also adversely influence future earnings. One essential point to think about is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Undoubtedly, the more individuals that see the business often, the greater the chance to build a returning customer base. A last idea is the basic area demographics. Is the business located in a densely inhabited city, or is it located on the outskirts of town? Exactly how might the local median family earnings effect future income prospects?
