Property Details

East Side Location

DESCRIPTION:

• A newly built out Men’s Barber shop and social club
• Located in the Pittsford – Victor area off a major highway
• Opened in June 2020
• Beautifully designed with a high-end atmosphere
• Able to accommodate up to 6 barbers at a time
• There are two barbers, and one massage therapist that bring in $400-$500/week in rent.
• Complete facility for massages and spa treatments
• Upscale social room with a pool table and bar totaling 2,200 square feet
• Current hours are Thursday and Friday 3:30 PM – 7 PM, Saturday from 10 AM – 5 PM
• Has a list of over 450 clients
• Plenty of well-lit parking available with easy access

ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price)

• Build-out costs of $ 135,000
• Furniture, Fixtures and Equipment at a fair market installed value of $ 15,000
• Inventory at cost of $ 1,000

 LEASE ARRANGEMENTS:

• The current rent is $ 2,800 a month, with annual increases (currently there is income of  $2,167 a month from renters)
• The lease can be negotiated for longer terms

 PRICE/FINANCING:

• The Asking price is $ 85,000
• Seller financing is available to a qualified buyer with $ 50,000 down

COMMENTS:

The current operator is a school principal. The owner invested with a stylist six months ago. The operating partner disappeared, and the current owner is unable to operate the business. He is willing to sell the business to an operator or discuss partnerships. This is turn-key barber shop and ready to go. This is a great opportunity for an owner operator barber. Future opportunity is a cigar lounge or having beer and wine