Established Two Chair Barber Shop
Location California,United States
Asking Price Range < $250K
Gross Revenues $0
Net Profit / Cash Flow $30000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1988
Number of Employees 1 - 3
Inventory 5000
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Description Established two-chair barber shop on a major downtown thoroughfare in northern Santa Clara County. Excellent highly-visible location with private parking. At the same address for 25 years, with hundreds of loyal long-term walk-in customers. Not far from Google and many other Silicon Valley corporate headquarters.
Owner reports net income (SDE) of approximately $30k with just the owner running it between 10 to 5, Monday through Friday, with no employees. (Owner working ''part-time'' during those hours.) No advertising or promotion has been done for years and prices have not increased either; therefore, there's a lot of potential for increased traffic and profit.
While equipment is showing its age, it is all fully functional: two chairs, shampoo sink, two backbar cabinets, waiting chairs, air conditioner.
Shop is 280 square feet, ready for redecorating; includes a storage room and restroom.
New 5-year lease (+5-year renewal option) is negotiable at $924/month (including r.e. tax, insurance, and property management) with satisfactory credit check (first and last month's rent, plus 1-month security).
All utilities, approximately $70/month.
Asking -- $9,900
All in - purchase price, first and last month rent, one month security - under $13,000.
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