Close

Choose your country

Or view all businesses for sale

Worldwide

Advertisement

Premium Men's Barber Shop In Central Vancouver Island For Sale

Vancouver Island, British Columbia, Canada
Asking Price:
$99,888 (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$225,000 (CAD)
Cash Flow:
$50,000 (CAD)

Open 6 years.
One year into new 5 year lease, located in parking lot of mega retail big box store, bank, and two trendy restaurants with highway Pylon signage at entrance from highway. BC (before Covid) we were a 5 chair , 11-1200 service per month shop, which left approx. 20-25% more, to be at max capacity. (currently approx. 500+/mo).

Store shows real well. Excellent (inexpensive) online booking service see's us book approx. 85%+, of appointments online. One touch communications allow you to msg ALL clients in one click. All the IT portals already exist. During lockdown, we upgraded equipment and the shop itself, including new chairs and an awesome floor that negates even the need for chair mats. Anti fatigue is built right in. And 100% vinyl floor negates any water or leak damage, 100%. Wash stations are über comfy and use both, low flow "EcoHead" sprayers and, on demand hot water system. Very ecological!

Shop space includes another small room for either 1-2 more chairs or waxing etc. Also, there is a private office in the back
.
This is a premium men's barber shop, and is located in Canada's most temperate climate. Vancouver Island is paradise. Winters are very mild (leave the shovels behind) and summers are glorious without the bugs or humidity.

Building out a brand new shop, with, or without a franchisor, is $125k minimum, and $400k+ if you, 'Gun' it. And still have no clients.
Hit the ground running.
It takes time to let the people know you even exist, never mind get them through the door, and then on a 4-6 week cycle!

We are aging out and looking to retire.

The dirty bits,.....
DUE TO AN ABUNDANCE OF OUT OF COUNTRY AND LESS THAN SERIOUS ENQUIRIES
Only potential suitors with a PROPER LETTER OF INTENT, that can be used by the landlord for credit and reference checks will move forward. You must satisfy the landlord in order to assume the very favourable, 4 years remaining on the lease. Only then can we discuss next steps. Then we can discuss all the behind the scenes bits that are in place and you can decide which you want to keep/change.
Unless,.....you are ready to have the landlord complete their vetting process with you, up front, and,. make a 20% deposit to my lawyer on the full asking price.

For more information, please contact us by using the form below.

Property Information

Real Estate:

Lease

Lease Terms:

4+ years remain on lease with flexible local landlord

Leasehold Rent:

$32,000 (CAD) per annum

Living Accommodation:

A luxury condo located 20-25 mins away is available as well. 1450 sq ft Executive Condo in Ladysmith situated in a forest beside a lazy creek complete with full gym, resistance pool and hot tub. Luxury! $550k

Location:

Central Van Isle.
LOCATION LOCATION LOCATION
Shares parking lot with mega big box retailer, bank, and two trendy restaurants, on main road through town with pylon signage at plaza entrance.

Premises Details:

Very neat clean tidy efficient shop with a private office, large lunch/ laundry, shelving/storage at rear. Another spare 'room' for an extra chair or added services.

Size in square feet:
1,100

Business Operation

Expansion Potential:

4 chair now, easily 5, possibly 6

Competition / Market:

Covid?

Reasons for selling:

Retiring

Trading hours:

Tues-Sat

Employees:
3
Years established:
6

Other Information

Support & training:

1 week of complete transition help guidance

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

With 35% cash down, and a registered lien against provable owner of home of potential buyer

Furniture / Fixtures value:
$25,500 (CAD) - included in the asking price
Inventory / Stock value:
$5,250 (CAD) - included in the asking price
Website:
Login or register to view link
Related Documents:
Relocatable:
This business can be relocated.

Contact Seller

  1. This email address is already registered. Log in to continue.
      1. Postcode not found. Please try again

    1. or
  1. What will I receive?

    BusinessesForSale.com is committed to protecting your privacy. Ticking this box means you are consenting to us sending you marketing emails.

    You will receive newsletters, updates and offers about business and franchise opportunities. We will also send you information about related business and franchise events.

    You can change your mind at any time by clicking unsubscribe in the footer of our emails.

    Find out more about what we do with your information in our privacy policy.

By submitting this form, you confirm that you agree to our terms and conditions. Please note that BusinessesForSale.com will send the above details to the seller of this business. Find out more about what we do with your information in our privacy policy.

Selling your business?

If you own a business and are considering selling, visit our Sell a Business section. Limited Trial available.

Sell Your Business