Investment Property With Barber Shop
Location Baltimore, Maryland, United States
Asking Price Range $250K - $500K
Gross Revenues $43820
Net Profit / Cash Flow $29420
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2003
Number of Employees 4 - 5
Relocatable No
Number of Employees 4 - 5
Real Estate Owned
Training Owner will show buyer how to handle the investment property and the barber shop.
Reason for Sale Other investment opportunity.
Description INVESTORS ---- Spacious 2500 sq. ft. semi detached commercial B-3-2 zoned building with barber shop business (same owner and who is semi absentee) ; in addition there is an insurance agency as a tenant in the rear ; barber shop business and the insurance agency + machine concessions produce an annual income of $43,820K (+ -) ! ! Owner's monthly exenses are $1200 (+ -) ; owner collects rents from barbers once per week and the insurance agency pays rent monthly ; masonary construction ; main route with visibility ; developing area ; high traffic flow ; busline ; rear 1200 sq. ft. parking lot plus front street parking ; building interior renovated in 2003. Priced at only $361,300. More barbers could be added ! Email or call Joe Gerst at 410-256-4364.
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