Salon and Barber Shop in Kings County, NY - 36022

Financing

$50,000 Down and

Business Description

Booming Kings County, New York salon and barber shop offer an extensive range of professional spa services. Specializing in eyebrow threading, eyelashes, and a diverse array of personalized beauty treatments, hair styling, and unisex barber services, the establishment provides a comprehensive beauty experience. The salon features a dynamic atmosphere with eight chairs and three private rooms within a spacious layout. The owner, operating seamlessly from a single chair, achieves an impressive annual income exceeding $80,000 as a skilled beautician alone. Rent is $7500, subsidized and covered by the following incomes: two stylists are currently employed under a commission split, collectively earning a substantial $5,000 per month for the owner. Additionally, the salon accommodates three sub-tenants who operate mini shops on-site, including a jeweler, convenience store, and astrologer psychic, contributing to the overall vibrancy. These sub-tenants pay rental fees of $2,600, $1,200, and $850, Furthermore, the salon presents a lucrative opportunity for additional revenue with five more available chairs and three treatment rooms suitable for staffing or rental. The growth potential is significant. The current owner firmly believes that a new owner with business acumen could realize an annual profit surpassing $200,000 after covering all operational expenses. Buyers must show proof of 65k in liquid funds to meet the seller. Contact Brian Bernstein at 929-969-0007 to arrange a meeting.

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Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.