Hair Salon & Barber Shop

50-year-old Broward County-based hair salon & barber shop for sale. In addition to the owner who cuts hair, there is 4 stylists (2 renters, 2 on commission) and an aesthetician. 3 open chairs present an excellent opportunity for growth. The clientele is men, women and children.

Great location! 1,500 square foot salon in a popular shopping center on an extremely high volume road. Plenty of parking. A true turnkey business with low rent. The salon is charming and open with high ceilings.

Seller is willing to stay on to cut hair.

Down Payment: $80,000

Total Sales: $201,224

Cash Flow: $95,180

EBIT: N/A

EBITDA: N/A

Accounts Receivable: N/A

FFE: $15,000

FFE Included: Yes

Inventory: $1,000

Inventory Included: Yes

Year Established: 1972

Year of last Acquisition: 1972

Days & Hours of Operation: Mon-Sat 8:00-6:00; Sun 11:00-4:00

Owner Hours Per Week: 50

Non-Owner Payroll: N/A

Employees: 5

Absentee Owner: No

Security on Lease: Yes

Lease Option: Available

Real Estate: N/A

Monthly Rent: $3,854

Type of Location: Strip Center

Square Footage: 1500

Relocatable: No

Reason For Sale:

Retirement

Training & Support:

2 weeks at no cost.

Financing/Terms:

$20,000 is financed for 12 months at 7%.