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Barber Schools for sale in East and Central Texas

Texas

Seller Financing Available

Asking Price:$140,000
Gross Revenue:$200,000
Rent:$2,374/Month
FF&E:$140,000
Cash Flow:$31,379
Inventory:$65,000
EBITDA:$31,379
Established Year:2020
Listing ID: 2255186Listing provided by BizBuySell
BUSINESS DESCRIPTION

Schools may be sold separate-Biz plan & Financials available upon NDA

Welcome to your opportunity to own a premier private barber school boasting locations in East and Central Texas. Owner is willing to sell locations separately. Our school is fully approved by the Texas Department of Licensing and Regulation (TDLR) and is currently in operation. School is equipped with all equipment and supplies required by state law and needed to operate a school efficiently. School has been in operations for more than four years and have been profitable since inception.
Our school has over 50 graduates and 100% job placement rate. We have an established customer based receiving services at our school. Additionally, we have many established relationships with barber shops and shop owners in the communities. Our Centex Location Bolsters 17 to 18 stations with an affordable rent of $1300/monthly, which also includes water utilities in that fee. This location is approximately 2,500 sq ft. There are many opportunities to increase student and clientele base with minor update/improvements to this location.
Our East Texas location is smaller with approximately 1,000 sq ft. with a rent rate of 1,074/month. No utilities included,but this includes NNN. this location offers opportunities for expansion with the adjacent rental unit being vacant. This location is in one of the premier shopping centers in the area and have many National Tenants.

DETAILED INFORMATION
Location
Texas
Inventory
Included in asking price
Real Estate
Leased
Building SF
3,500
Employees
2
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
School has two locations and is fully operational and contain channel letter lit signs at both locations. One location currently is able to accommodate 8 students per shift and may be able to accommodate more. Our initial location is able to accommodate 17-18 students per shift. Students attend school for 20 hours a week part-time and 30-plus hours a week for full-time. Therefore, owner can double up on enrollment for morning and evening shift to increase revenue and profitability.
Competition
Currently, we have one competitor. Pricing of student's tuition may be modified to increase market position.
Growth & Expansion
Although not required, there are opportunities for growth in one of our location by making some renovations to add to the allure of the establishment. Our larger location has a low price rent and includes water so new owners may offer shampoos with all haircut services.
Financing
Owner willing to owner financing with 50% down at full price. OBO.
Support & Training
Owner and/or designee is willing to train new owners for up to 3 months depending on the purchase date. Training must be conclude no later than February 29, 2025.
Reason for Selling
Family is currently involved in a new business venture out of state and requires
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Yolande Francois
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Yolande Francois
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