Premium Men's Barbershop/Hair Salon
Toronto, ON
| Asking Price: | $95,000 |
| Gross Revenue: | $140,000 |
| Cash Flow: | $47,000 |
| Established Year: | 2014 |
Listing ID: 2289150Listing provided by BizBuySell
BUSINESS DESCRIPTION
Based in Toronto, Ontario, the company operates a premium men's lifestyle barbershop offering a wide spectrum of grooming, skin care, and lifestyle products.
The barbershop is located in the prime area of Queen Street in Downtown Toronto, employing a total of four dedicated staff members.
The lease is extremely favourable with very little downside. It’s a turn-key operation that is perfectly positioned for someone with an entrepreneurial mindset to have tons of flexibility in operating and growing the business with minimal risk.
DETAILED INFORMATION
Location
Toronto, ON
Inventory
Not Included in asking price
Real Estate
Leased
Employees
4
Facilities
The fixed assets of the business consist primarily of leaseholds, including premium furnishings and furniture.
Competition
The business operates out of a premium storefront location in an area with high foot-traffic.
With a long-standing history at the location, the business has a strong local reputation for providing quality grooming services, and is backed by strong Google reviews.
The clientele is loyal and is positioned in the luxury grooming segment.
Growth & Expansion
Some of the expansion opportunities include the following:
1) Opening of additional storefronts, using an established business model.
2) Potential to expand hours of operation to Sunday and Monday, as well as past 6pm on the weekdays.
3) Increasing sales of retail grooming products.
4) Potential to expand aesthetic services by having full-time dedicated aestheticians.
5) Opportunity to scale by adding more barbers and encouraging current ones to establish recurring clientele.
Support & Training
The sellers are a two-person team, who are prepared to remain on for a negotiable length of time to assist with the transition in ownership.
Reason for Selling
Personal
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