**Only $70k down** 2 location Barber School

Waco, TX

Seller Financing Available

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Asking Price:$140,000
Gross Revenue:$113,300
Rent:$1,300
FF&E:$4,342
Cash Flow:$31,379
Inventory:$30,000
EBITDA:$31,379
Established Year:2020
BUSINESS DESCRIPTION

Two private trade schools offering education culminating in attainment of a barber license. Each school can accommodate 18 students on their premises at any given time. Tuition is $12,500 which remains competitive with the 1 other barber school in the area, which is $13k per student. It takes 6-12 months to attain a barber license. This school has facilitated the licensure of over 50 graduates in the past 4 years. They have infiltrated the Waco and Tyler market with over 40 graduates cutting in each area. They currently have strong partnerships within the community and are the go to barber for Ridgewood Country Club, Kenrich Williams in the NBA, they are a part of Chosen
Outreach offering free haircuts for the kids.

After graduation, students are certified as Class A barbers. This means they may perform most cosmetology services, with the exception of eyelash-extension services and may perform most barbering services, with the exception of straight-razor shaving.

The institution operates on a twelve-month calendar, with continuous enrollment. They enroll students on the first Tuesday of each month, unless changes are made by management. They accept students on a part-time (20-hours/week) and full-time basis (30-hours/week). They also accept weekly and monthly payment plans with a minimum down payment of $1,000.00. The cost to attend training is $14,300.00 per student. The delivery system used for instruction is the traditional classroom lecture and laboratory practice on the clinic floor. Owner established both schools after a long history as a barber, but since then, has expanded and has successfully transformed this into a completely absentee establishment.


DETAILED INFORMATION
Location
Waco, TX
Inventory
Included in asking price
Real Estate
Leased
Building SF
2,450
Lease Expiration
31/05/2026
Employees
1
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Competition
The owner is there once a month for 2 hours to meet with manager and receive updates.
Growth & Expansion
They could bolster their marketing budget, currently they have 14 students, but based on 38 operating hours, they can accommodate 36 students at a time at this establishment. If the new owner is an operating owner, they could tremendously improve sales by being more hands on. Since the current owner is virtually absentee, there is not a tremendous amount of effort placed on growth.
Financing
$70k down, seller financing on the balance. Make offers for a quick close”
Support & Training
The owner will train at no cost for 2 weeks (or whatever is negotiated).
Reason for Selling
Significant family and lifestyle change
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Cassie
McDowell
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Cassie McDowell