Barbershop For Sale In Saskatoon - Lucrative And Licensed

Not on MLS®

$159,000

Sale of Business in Saskatoon, SK

Listing Details

Financial Details

About the Business

Competition:

Established 8 years ago, BOURBON Barbershop & Shaveclub is a recognizable brand on its own, and is considered a leader in the men’s grooming industry. With over 670+ Google reviews and a 4.8 rating, our loyal guests speak on our behalf. We have been featured on local television, published in regional newspapers and recognized by the business and banking community. Celebrating gross revenues upwards of $950,000 per year with COGS of $475,428 (before the sale of alcohol!!!). BOURBON is an entrepreneur’s, restaurateur’s or barber/stylists opportunity to make their mark in the world!

Growth and expansion potential:

Sale includes all intellectual properties, web assets, fixtures, equipment, and goodwill. 24,246 guests on file & guest retention rate of 52.99%. The owner was in the process of developing infrastructure for a second location when health took a turn. Medical issues prevent the current owner from adequately running the co. Her goal is to return the barbershop to the community and ultimately pass on the torch to an equally ambitious individual(s).

Support and training for new ownership:

Owner is willing to stay on part time for up to a year to ensure a successful transition of the business.

Reason for selling:

Health

Description

Lucrative licensed barbershop ready for acquisition. BOURBON Barbershop is conveniently located in the heart of Saskatoon’s mining, ag, manufacturing, forestry, and minerals district. Boasting an Average Annual Daily Traffic (AADT) count of 42,800 (https://www.saskatoon.ca/). Signage, easy accessibility and ample parking make it a prime location and sound investment. Neighbouring businesses include: Part Source, Tim Hortons, McDonald’s, Prairie Meats, Coast Appliances, Pro Sport, Staples and more. Established 8 years ago, BOURBON Barbershop & Shaveclub is a recognizable brand on its own, and is considered a leader in the men’s grooming industry. With over 670+ Google reviews and a 4.8 rating, our loyal guests speak on our behalf. We have been featured on local television, published in regional newspapers and recognized by the business and banking community. Celebrating gross revenues upwards of $950,000 per year with COGS of $475,428 (before the sale of alcohol!!!). BOURBON is an entrepreneur’s, restaurateur’s or barber/stylists opportunity to make their mark in the world! Simply put BOURBON is 1500 square feet of licensed luxury… A relaxing and rejuvenating atmosphere filled with oak, brass, billiards and blues. We focus on the finer points of barbering by offering classic haircuts, beard trims, hot shaves, tinting, waxing and more. Featuring 8-10 well maintained barber stations, 2 wash bays, ample guest seating, gross retail sales of $100k+/yr) and a fully licensed bar! Occupancy limit is 60 for group venues, weddings and special events. Custom HR, OH&S, Social Media & Branding manuals were developed to streamline the workspace and facilitate smooth onboarding of new employees. Shave training videos and educational materials have been developed to reinforce skills and uphold quality. Clean, comfortable atmosphere entices barbers & guests alike. Above average gratuities, option to rent or employ provides a comfortable income, including a benefits program for barbers. Sale includes all intellectual properties, web assets, fixtures, equipment, and goodwill. 24,246 guests on file & guest retention rate of 52.99%. The owner was in the process of developing infrastructure for a second location when health took a turn. Medical issues prevent the current owner from adequately running the co. Her goal is to return the barbershop to the community and ultimately pass on the torch to an equally ambitious individual(s). Property Type: Leased (transferable July 1st 2023 & renewable for 3 years plus) Building Sq. Ft.: 1,500 Rent & Occupancy Costs Combined= $3050 Per Month Period Annual Monthly PSF July 1, 2023 $27,000.00 $2250.00 $18.00 Occupancy Costs apx. $800.00/m Please note: Current software will need to be updated. Contact Chantal Chapman at

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Location & nearby

This listing is located in Saskatoon, SK S7K 2Y2

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