48 W 39TH ST
NEW YORK, NY 10018

Unique opportunity. Largest barber school in NYC. Licensed by department of education and in business for 28 years. Stable business growth and a lot of room for expansion. Located close to transportation, this institute is perfect for someone that wants a new venture and is totally set up to run itself. American Barber Institute for sale. It's certified. Every student gets a diploma after finishing school and passing the test. Main location in in Manhattan NY. Located on 3 levels: Ground floor, basement and Mezzanine. 10 people work all together: 6 teachers and 4 administrators. There are 3 locations right now: Manhattan, Bronx and Florida. Students practice and charge $3 haircuts, doing 200 haircuts a day. $1,200,000 gross income. There is a bookkeeper, a CPA, an agent, 6 teachers, etc. There is also a special project: evaluation of licenses of people from other countries. Owner can stay and continue working for a salary and train a new owner for a few month. The business has opportunity to grow rapidly. In about 8 month, students can apply for government grants: Instead of $5,000 per student, they could get much larger amount. Manhattan Lease $17K mth. (7 years left) 45 chairs. 3,000 sq ft. $500K salaries to workers. Bronx location rent $3,500mth (10 years left)in good area Westchester Squire, 2,000 sq ft Florida location $6K mth.(10 years left) 2,500 sq ft in the heart of Coral Springs. Don't miss this opportunity.

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