Broker Name:Moon Kim
Broker Email:info@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
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Full-service Barbershop in Enclosed Mall
(Hair & Beauty)
Tarrant, Texas
Listed Price: $ 275,000
Listing ID: 000936

Listing DetailsDown Payment: $ 55,000
Gross Revenue: $ 569,927
Cash Flow: $ 131,500
FFE: $ 75,000 (Included in Price)
Inventory: $ 200 (Included in Price)
Reason for Sale:

Other opportunities


Training & Support:

Owner will provide a sufficient training for an agreed upon period to make the transition into the business as seamless as possible.


Listing SummaryBusiness Description:

Full-service barbershop for men of all ages in one of the busiest malls in DFW is now available for acquisition. This business is originally established by the current owner in 2014. This full-service barbershop provides haircuts, color, and shaving for men of all ages with superior service and quality. This business is located in a 1,512 SF space inside of one of the biggest and busiest malls not only in Northwest Dallas, but in entire DFW metroplex, and its location in the mall is close to one of the mall entrances/exits which give a good exposure to constant foot traffic of visitors to the mall. Competition is expected in this industry, but there is no single competitor inside the mall. While there are some competitors in the immediate market area outside of the mall, but the sales volume of this business is high in relative to the competitors due to its prime location, and such high sales volume allows the business to keep the price more competitive than others while keeping the profit intact. Overall demographics of this barbershop are mostly various ethnic male individuals in all age groups from the surrounding densely populated residential neighborhoods as well as people coming to this prime mall. Gross sales of this business have been consistent for the last several years around $570K-$600K per year without any marketing except through its website and general business listings on Yelp & Google. There are many ways to proactively market this business such as direct mailing, social media outlets, family bundles, retail products, expanding services and creating an online booking service. In order to further grow the sales, the prospective buyer can hire additional barbers for added income from the commission. This will be a great opportunity for a hands-on owner who can dedicate full time as a barber as well as to marketing as there is still a plenty of room to grow.


Competition:

This is the only barbershop in the mall. Few competitors were found near the mall, but this business offers high quality barber service with a very competitive price point than any other competitors that drive customer traffic to this business.


Potential Growth:

There is minimal marketing done other than Google ads & Yelp and through word of mouth. Proactive marketing methods, especially online and social media outlets, to create more exposure and reach its full financial potential.


Financing/Terms:

100% down at the time of closing or 20% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.


LocationSquare Footage: 1512
Facilities:

This business occupied in a 1,512 SF space of well-known super-regional mall in DFW area.


OperationYear Established: 2014
Employees: 7FT/3PT
Absentee Owner: No