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Profitable High End Barbershop for sale

Somerset, NJ (Somerset County)

Seller Financing Available
Classic Barber Shop
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Asking Price: $75,000

Cash Flow: $50,000

Gross Revenue: $157,000

EBITDA: N/A

FF&E: $25,000

Inventory: $5,000

Rent: $3,050 /Month

Established: 2017

Profitable High End Barbershop for sale

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Business Description

A true gents barbershop with wonderful clientele

Located in an exclusive community in the heart of the "go to" upscale shopping center in town, this highly regarded shop enjoys constant walking traffic. Retail product sales are strong and combine with barber services to produce average ticket prices of $65 + tips! Google reviews consistently 5 star with loyal happy customers.
Excellent lease with 780 sq ft in place until July 2027 (10 year term) plus 5 year renewable term.

Detailed Information

Location:
Somerset, NJ
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
780
Lease Expiration:
7/1/2027
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Clients Ferrari's line up directly out front with easy parking access as they enjoy luxurious hot lather straight razor shaves and precision cuts inside. The scent of fine English products lingers about the custom wood paneling and marble under crystal chandeliers. Four stations each with custom pedestal sink and restored antique barber chairs. Separate room with wash tub doubles as pedicure station. 12 foot library bookcase displays high end colognes, shave creams and razors, and skin care products. Excellent retail sales with high profit margin.
Competition:
There are no other exclusive high end men's shops nearby. Clients come from near and far to enjoy being pampered here.
Growth & Expansion:
There is no limit ----- no limit------ to filling these chairs, other than getting qualified talent behind them. A full staff on busy days would capture the walk-ins we have to turn away many times. Currently, the shop has a flat pricing structure, but instituting a multi-tiered structure featuring Master Barber, Junior Barber, Apprentice would allow for higher pricing at the Master level, which is currently $40 for H/C and $42 for shaves..could easily be $50.
Financing:
Owner will hold $25k note interest free for 25 months based on full price
Support & Training:
Owner is willing to stay on for several months and ease transition of clientele over to new owner. Two other barbers will remain and have established clientele as well.
Reason for Selling:
Owner planning to relocate out of state at some point undecided yet.
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Business Listed By:
Bert

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