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Palm Beach County

  • Listing No.: 109-10387

  • Category: Beauty

Asking Price $170,000
Down Payment $170,000
Gross Revenue $233,000
Total Adjusted Net Income $103,500
Equipment/Fixtures $50,000
Year Established 2011
General Location Palm Beach County
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Very profitable 'old school' men's barber shop in northern Palm Beach County. Established for 7 years by current owner-operator who needs to sell due to health issues. Recently upgraded 1,000 sq ft shop has new AC unit, beautiful wood floors, well appointed decor and waiting room, and six barber chairs. Over $100K spent on leasehold improvements and equipment included in asking price of $170K. Long term lease with 15 years remaining, rent only $1400/month (includes water). Shop currently has five full time barbers who get paid 65% commission. About 70% of the business is done in cash. Seller must go through buyer's ledger books and/or observe business to verify sales. Owner does cut hair himself and constitutes a significant portion of the $233K in annual sales. Owner benefit of +$100K for working barber to take over. Much room for expansion due to nearby residential and commercial developments. Please contact Martin Berliant at 561-827-1181 or email for more information. Non-disclosure form is required. 

Gross Revenue $233,000 Listed Price $170,000
Total Income $103,500 Down Payment $170,000
Base Rent $0 Square Feet 1000
Total Rent $1,400 Lease Expiration 5/2033
Rent Deposit $0 Lease Options
Inventory $0 Leasehold Improvements $50,000
Equipment/ Fixtures $50,000 Other Assets
Full-Time Employees 0 Training Period two weeks
Part-Time Employees 0 Special License Required None
Contract Staff 5 Reason for Selling health

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.