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St Charles Near Hospital

  • Listing Number: 205-20445

  • Category: Beauty

Asking Price $120,000
Down Payment
Gross Revenue $54,506
Total Adjusted Net Income $42,465
Equipment / Fixtures $13,500
Year Established 1997
General Location St Charles Near Hospital
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First barber shop in the county serving the ethnic community. Has been in business in this area for 20 years and is well known in the community. The business overhead is extremely low. Revenue can be immediately increased by add barbers/stylist at 3 available stations. Owner would like to stay on and rent a station. The financial figures quoted include both the owner/operator revenue as well as the existing station rental income.

Gross Revenue $54,506 Listed Price $120,000
Total Income $42,465 Down Payment
Base Rent $425 Square Feet 600
Total Rent $425 Lease Expiration
Rent Deposit $425 Lease Options Month to Month
Inventory $1,500 Leasehold Improvements $0
Equipment / Fixtures $13,500 Other Assets
Full-Time Employees 1 Training Period 4 Weeks
Part-Time Employees Special License Required Barber License
Contract Staff 1 Reason for Selling Retirement

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

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