16 Year High End Barbershop in Montgomery County, MD 200351 GB

Listing Number: 9525-200351

Description

Ideal turnkey operation for the seasoned operator who wants to expand their business or for a new start-up barber wanting to own an already successful and cash-flowing business. High-End Barbershop/Salon ensconced in a vibrant downtown setting surrounded by office buildings, apartment complexes and restaurants. The owner recently invested over $200K in a complete buildout with high-end building materials, making the decor an unmatched showplace. The shop boasts long-term and loyal clientele. Currently, marketing efforts are by word of mouth. With a nominal marketing campaign, the business can attract more clientele from the surrounding office buildings and apartment complexes.

Recovery from pandemic is in full swing with increased revenues in 2022 of 22% over 2021 and an increase of net income of 16% during that time period. .

Stylists can work on both men and women's cuts.

Currently the shop is set up for six barber stations with 5 barbers currently working.

This is an attractive turnkey operation with a strong client base.

Listing Details

• Price: $270,000
• Down Payment: $270,000
• Sellers Discretionary Earnings: $106,000
• Total Sales: $262,000
• Location: Montgomery County, Maryland


• Inventory: $0
• FF&E: $35,000
• Employees: 4
• Year Established: 2006
• Reason for Selling: Retirement
• Category: Beauty/Personal Care