Listing ID: 70217
Business Overview
Over 20 Years in Business – Established neighborhood barber shop with loyal clientele
Prime Manhattan Location – Busy Street corridor with strong daily foot traffic
Very Loyal Customer Base built over two decades
Excellent Google Reviews & Reputation
3 Fully Equipped Barber Stations
Low Rent for Manhattan – Only $4,500/Month
Long-Term Lease Security – 8 Years Remaining + 5-Year Option
Turnkey Operation – Immediate Cash Flow
Experienced Barbers Willing to Stay with New Ownership
Financial Overview
Total Annual Gross Revenue: $300,000
Owner-Operator Cash Flow: Approx. $240,000
Current team structure:
1 Full-Time Barber
1 Part-Time Barber
Barbers are compensated under a 55% commission structure, which is standard in the barber industry.
Investor Cash Flow Option
If the new owner keeps both barbers in place and operates as an investor:
Estimated Investor Cash Flow: ~ $100,000 per year
Both barbers have indicated they are willing to remain with the business, allowing for a smooth transition and continuity for existing clientele.
This creates a semi-absentee ownership opportunity.
Attractive Multiple Opportunity
Asking Price: $299,000
Owner-Operator Scenario
Approx. $240,000 cash flow
About 1.25x earnings multiple
Investor Scenario
Approx. $100,000 cash flow
About 3x earnings multiple
This allows buyers to recoup their investment quickly, especially if operating the business themselves.
Growth & Expansion Potential
While already profitable, additional growth opportunities include:
Filling the third barber chair full-time
Extending business hours
Introducing premium grooming services (hot towel shaves, beard grooming packages)
Selling grooming and haircare products
Implementing online booking systems
Expanding social media marketing
These improvements could increase both revenue and profit margins.
Equipment & Assets Included
3 fully equipped barber stations
Professional barber chairs
Mirrors and workstations
Grooming tools and equipment
POS system
Established shop build-out
The shop is fully operational and turnkey.
Why This Opportunity Stands Out
20+ years of operating history
Prime Manhattan location
Loyal repeat clientele
Low rent relative to Manhattan market
Long-term lease security
Strong reputation and reviews
Flexible owner-operator or investor model
Attractive purchase price relative to cash flow
Barber shops with this level of history and location rarely become available in Manhattan.
Buyer Requirements
Proof of funds required prior to financial disclosure
NDA required prior to release of detailed financials
Landlord approval required
Seller willing to assist with transition period
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
Business Owners: We represent qualified clients that are very interested in buying all types of businesses. If you have any interest in selling your business at this time or in the near future please contact me at info@hedgestone.com. Our buyers are already qualified and willing to invest their time and money toward a business like yours. All communications are kept STRICTLY CONFIDENTIAL.
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FOR INTERESTED PARTIES PLEASE CALL US AT (561) 593-3711
Financial
- Asking Price: $299,999
- Cash Flow: $240,000
- Gross Revenue: $300,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: No
- Established: N/A
Detailed Information
- Property Owned or Leased:Lease
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Yes.
Other business interests.