NOT DISCLOSED, California
| Asking Price |
$400,000 |
Year Established |
1991 |
|
| Annual Revenue |
$730,438 |
Reason for Selling |
Retirement |
|
| Annual P/L |
$0 |
Attention |
Tina Price |
|
| Annual Cash Flow |
$127,861 |
Listing Number |
989821 |
|
| # of Employees |
8 |
Business Category |
Services: Education & Training |
|
Business Overview:
Take advantage of this rare opportunity to own a Profitable College with Current Students in place and New Students signing up continuously. This turnkey specialty Barber and Barber Crossover College is located in the Central Valley and is now available for sale.
Key Features & Selling points:
• Business Longevity: 30+ years of a great reputation for producing excellent Barbers, the business is family owned, and the owner is 100% absentee.
• Experienced Faculty: Highly skilled and seasoned Instructors in place for a seamless transition
• Location: High-traffic area with great building signage, ensuring excellent visibility and access.
• Growth Potential: The college has Multiple Revenue Streams that can be built upon, Student count, Patrons for Haircuts/Services and Merchandise/Supplies are a few. Applying to become an accredited college which would allow for federal funding is another growth opportunity.
• Turn-key Operation: Excellent books and records, strong cash flow.
Don’t miss out on this incredible opportunity to own a proven, time-tested College, in one of the quickest growing industries expected in the next 10 years.
PLEASE NOTE: The sale of this business is confidential and only qualified buyers with related industry experience should inquire. No information will be provided until a Confidentiality Agreement, background information and proof of funds is received. Please reply by hitting the Contact Seller button to receive documents and further instructions in order to learn more about this opportunity.
Property Features and Assets:
<p>Located in South Central Valley. This business is located on a busy 4 lane road with high visibility signage and has convenient service road frontage that provides ample parking for patrons of the mixed-use strip mall.</p><p><br>Spacious 8,000 sq ft building with separate classroom for students, extra-large Barber Shop set up floor plan for students which includes 43 individual student barbering stations on the main floor, each equipped with Barber Chair, Granite counter, mirror, lighting, storage cubby, supply drawer and Sinks installed alternately between stations. Spacious waiting room and separate Administration office and loft. State of the art Student Time Clock-in system with Fingerprinting verification keeps student record keeping a breeze and building has Complete Surround Sound system for music and PA throughout the College.<br><br><br></p>
Market Competition and Expansion:
<p>Barbering is expected to see over a 7% growth over the next 10 years, far exceeding the national growth. With very little competition in the arena of Barbering Colleges, this business is primed to make a significant uptick in student count and increase market share</p><p><br>With the exponential increase in Barbers expected by the Bureau of Labor Statistics the potential to capture these students via advertising, social media and continued word of mouth will be a value add to this business. Further expansion opportunities could include becoming an accredited college which in turn would allow for federal funding, which has never been received previously by this College. Additionally Installing more Barbering stations to support a larger number of Students, would also increase the bottom line. Broadening the scope of inventory supply & products available for sale and possibly adding Swag Merchandise to inventory items for sale would further promote and advertise the College.<br><br><br><br></p>
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity