Salon and Barber Shop in Kings County, NY

LISTING ID # 36022

Booming Kings County, New York salon and barber shop offer an extensive range of professional spa services. Specializing in eyebrow threading, eyelashes, and a diverse array of personalized beauty treatments, hair styling, and unisex barber services, the establishment provides a comprehensive beauty experience. The salon features a dynamic atmosphere with eight chairs and three private rooms within a spacious layout. The owner, operating seamlessly from a single chair, achieves an impressive annual income exceeding $80,000 as a skilled beautician alone. Rent is $7500, subsidized and covered by the following incomes: two stylists are currently employed under a commission split, collectively earning a substantial $5,000 per month for the owner. Additionally, the salon accommodates three sub-tenants who operate mini shops on-site, including a jeweler, convenience store, and astrologer psychic, contributing to the overall vibrancy. These sub-tenants pay rental fees of $2,600, $1,200, and $850, *** Furthermore, the salon presents a lucrative opportunity for additional revenue with five more available chairs and three treatment rooms suitable for staffing or rental. The growth potential is significant. The current owner firmly believes that a new owner with business acumen could realize an annual profit surpassing $200,000 after covering all operational expenses. Buyers must show proof of 65k in liquid funds to meet the seller.