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Profitable long established barbershop

South Orange, NJ, USA
Updated 1 day ago
Established 2016

South Orange County Turnkey Barbershop. Consistent revenue each year in the 400-500k range. Strong passive investment for a new owner as current owner manages only, he does not cut hair. If new owner is also a barber or stylist, there is potential for greater earnings. Current owner spends on average 10-20 hours weekly. Over 800 reviews at a 4.7-4.8 rating. Next closest barbershop only 250 reviews and SportClips only 330 reviews Well-established and profitable. Current owner and location since 2016 2 part-time employees. 4 part-time contractors Approximate sales of 400-500k annually, and 80k of profit/SDE Seller financing is available for approximately 50% of purchase price. Possible $1500 reduction/month under long-term lease. Currently rent is paid month to month. Owner is in discussion with the landlord

Employees

6 (some FT, some PT

Lease Info

Lease Info: $6750/mo, looking for lower rent in complex upon signing LTL

Listing Id

ZBB2491

Training & Support

1-2 weeks

Owner Hours Per Week

10-20 hours weekly

Days & Hours Of Operation

9am - 6pm daily, yet only 10am - 4pm on Sunday

Inventory (included In The Price)

$2,200

Reason for Selling

Partial Retirement

Financials

Asking Price
$160K
RevenueMost Recent Year
$420K
Earnings (SDE)Last Reported
$80K
Assets Value
Undisclosed
Seller Financing
Yes

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