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28961812
28961811

3152 Parkway, Pigeon Forge, TN 37863

LS
TN 364516
MG Rise Real Estate Group
Listed by MG Rise Real Estate Group
$135,000
170 days on market
Updated 60 days ago

Mad Hatter Barber Company

Details
Property Type Business for Sale
Sub Type Business Only
Square Footage 1,300
Net Rentable (SqFt) 2,000
Units 1
Cap Rate 63.28%
NOI $85,428
Occupancy 100%
Tenancy Single
Lease Type NNN
Class C
Year Renovated 2023
Buildings 1
Stories 1
Zoning C
Parking Spaces 30 spaces
Parking Per SqFt 23.08
Investment Type Owner/User
Ownership Fee Simple

Priced below 2x Multiplier. Owner Operated.

Marketing description

An established, high-traffic barbershop is now available for acquisition in the heart of Pigeon Forge. This is a genuine opportunity for a skilled barber or stylist seeking to transition into business ownership with an immediate, loyal client base. The current owner is retiring after five decades in the profession and is offering a fully operational, lien-free business.

The Operation:

  • Proven Revenue: The shop generates over $100,000 in annual revenue with a two-person operation, demonstrating strong earning potential.

  • Resilient Clientele: Built on a foundation of local regulars supplemented by consistent tourist traffic. The location ensures year-round business, with steady demand even during off-seasons and major local events like summer car shows.

  • Prime Parkway Location: Situated directly on the main Parkway, benefiting from high visibility and effortless tourist access.

  • Favorable Overhead: Rent is notably affordable for such a prominent, high-traffic area, protecting your bottom line.

  • Excellent Parking: Ample and convenient parking for clients-a critical asset in a busy tourist destination.

  • Turnkey Ready: The shop is fully equipped and built out. You can assume operations without delay.

The Opportunity for You (The Owner-Operator): This is not a passive investment. It is designed for a working professional who intends to be behind the chair. The business model is lean, efficient, and built on personal service. The current owner is willing to remain for a transitional period to introduce you to the clientele and ensure continuity, or can step aside immediately upon sale.

Seller's Motivation: After 50 years of building a respected community reputation, the owner is seeking retirement. The asking price primarily reflects the capital invested in the professional build-out and the opportunity to acquire an active, income-producing asset.

Investment highlights

Key Details:

  • Location: Pigeon Forge Parkway (Main Tourist Corridor)

  • Asking Price: $135,000 (Lien-Free)

  • Annual Revenue: >$100,000

  • Client Mix of Tourist / Local

  • Facility: Professionally built-out shop with great parking.

  • Lease: Affordable $2,600/month terms with options.

Ideal for a confident barber ready to own their future and cultivate an already thriving practice. Serious inquiries only. Please reach out to complete an NDA for additional financial details and to schedule a confidential viewing.

This is your chance to own a piece of a proven Pigeon Forge institution.

Listing Contacts

LS
TN 364516
MG Rise Real Estate Group
Listed by MG Rise Real Estate Group

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$85,428.00
$7,119.00/mo

Valuation Metrics

0
DSCR
63.28%
Cap Rate
63.28%
ROI

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Additional Information

Name
Logan Smith
License
364516
Brokerage
MG Rise Realty
Title
Agent
Brokerage Address
932 Parkway
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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