Men’s Grooming Centers (2) - #HA1321

in Busy Central Downtown Boston Locations

 

Asking Price:  $325,000

Gross Sales:  $1,020,000 (2019 est.)

Seller’s Discretionary Earnings:  $185,000

FF&E:  $39,000 (Included in the asking price.)

 

Summary:  Winner of the “Best of Boston Awards”, these two franchised men’s grooming centers are being offered for sale located in prime Boston locations. The first location has been in business for four years and its profitability is still growing. A second location was recently opened and it too is seeing rapid sales growth. The entrepreneurial owner has invested over $800K in the quality interior build-outs and startup of these first two locations and holds a license for two additional locations.  The business is currently being run by an absentee owner and is being managed by a lead barber/manager.  Staffing totals fifteen (15) full-time barbers and four (4) part-time receptionists.

 

Facility: The first facility has a high-end, exclusive build-out with 7 individual stations. Rent is $7800 per month for 1175 sq. ft.  The second location has a similar quality interior with 6 individual stations. Rent is $4365 per month for 850 sq. ft.

 

Furniture, Fixtures and Equipment: Price includes all store Shelving, Displays, Chairs and Equipment with an estimated value of $39,000.

 

Hours: Open seven (7) days a week. Appointments can be scheduled over the internet.

 

Opportunities:  With targeted promotion and marketing to the influx of professional men in the Boston and Seaport areas, an active owner/operator can grow sales by leveraging the excellent reputation and goodwill throughout the Boston community.  The additional two location licenses can also be developed to extend its brand presence in the local market.

 

Additional:  The owner has other multiple business activities and cannot devote the management time required to support the business.

 

The Seller has provided this business information. The broker does not certify or warranty this information.

Call Bob Karlis, Business Broker, at 781.783.6998 or email to bkarlis@cabotbb.com for more information.

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