Business For Sale · Specialty

19 Alma Crescent, Halifax

19 Alma Crescent, Halifax, NS B3N2C4

$250,000 total

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Asset Class

Specialty

Size

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Building class

B

Zoning

US — Urban Services

$ / SF

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Occupancy

84%

Year Built

1999

Lot Size

0.0597 ac

About this property

An excellent opportunity to acquire an established and well-known barber shop business in Halifaxs West End / Fairview area. This Barber Shop has built a strong presence in the local community with an established customer base, repeat clientele, and convenient location. This is an ideal opportunity for an experienced barber, owner-operator, entrepreneur, or investor looking to acquire an operating business rather than starting from scratch. The shop is set up for ongoing operations with existing barber stations, fixtures, equipment, and other business assets, subject to the terms of the sale. The established customer base provides a strong foundation for a new owner to continue the current operation while exploring additional opportunities for growth through marketing, social media, online booking, customer loyalty programs, extended hours, and additional services. The location benefits from excellent accessibility and visibility within the Halifax West End / Fairview community, surrounded by established residential and commercial areas. (id:66811)

Financial sandbox

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Estimate
Purchase price$250K
Down payment30% · $75K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$1K

Projected NOI

$15K

Annual cash flow

$1K

Cash-on-cash

1.74%

DSCR

1.09

Going-in cap

6.06%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

87,191

Households

31,648

Median income

$97,500

Median age

43.7

Daytime population

92,780

5-yr growth

9.2%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 19 Alma Crescent, Halifax.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.