Business Overview

Take over an existing well-known SPA and be your own boss! Look no further and inquire with the listing agent NOW! This popular salon operates from a busy anchored shopping center, with a salon in this location for decades. The owner does little advertising to generate new business, the longevity of a salon at this location generates walk-in clients and word of mouth referrals. Seller will train for a smooth transition and is open to staying on longer with the right buyer. Seller has all the necessary documents ready for due diligence, including tax returns, leases, equipment lists, financial statements and more. All gross sales revenue can be verified through seller’s tax returns. Contact the listing agent right away to obtain an NDA. For additional information please contact listing agent Patricia Griswold at 804-928-2651 or patricia@fcbb.com.

Financial

  • Asking Price: $50,000
  • Cash Flow: $1,024
  • Gross Revenue: $85,243
  • EBITDA: N/A
  • FF&E: $30,000
  • Inventory: $5,000
  • Inventory Included: Yes
  • Established: 2010

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,284
  • Lot Size:N/A
  • Total Number of Employees:4
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This is a leased location of 1,284 square feet with a Total Rent of $3,000. Lease ends 5/2022. Seller is active in the business with 1 FT employee, 2 PT employees and 1 Independent Contractor. Hours of operation are M-W: 10:30 - 7:30, Th-Sat: 10 - 8, Sun: 12 - 6. $5,000 in Inventory and $30,000 in FF&E included in Asking Price. $10,900 made in Leasehold Improvements. Massage License, Cosmetology, Esthetician, Nail Technician License Required.

Is Support & Training Included:

30 Days

Purpose For Selling:

Wants to retire

Additional Info

The business was founded in 2010, making the business 12 years old.
The deal does include inventory valued at $5,000, which is included in the asking price.

The business has 4 employees and is located in a building with approx. square footage of 1,284 sq ft.
The real estate is leased by the business for $3,000 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons people decide to sell businesses. However, the genuine reason vs the one they tell you might be 2 completely different things. As an example, they might state "I have a lot of various responsibilities" or "I am retiring". For numerous sellers, these reasons are valid. But, for some, these might simply be excuses to try to hide the reality of changing demographics, increased competition, current decrease in revenues, or a range of various other reasons. This is why it is extremely vital that you not count entirely on a seller's word, yet rather, make use of the vendor's solution combined with your total due diligence. This will paint a much more realistic image of the business's current circumstance.

Existing Debts and Future Obligations

If the current company is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous businesses borrow money in order to cover points such as stock, payroll, accounts payable, and so on. Bear in mind that sometimes this can suggest that profit margins are too tight. Numerous companies come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future obligations to consider. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that need to be met or may cause charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the location draw in new consumers? Often times, businesses have repeat customers, which develop the core of their daily earnings. Certain elements such as brand-new competitors growing up around the area, roadway building and construction, and employee turnover can influence repeat customers and also adversely impact future incomes. One vital thing to consider is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Certainly, the more individuals that see the business regularly, the higher the chance to develop a returning consumer base. A last thought is the basic location demographics. Is the business placed in a densely inhabited city, or is it situated on the edge of town? Exactly how might the neighborhood average house earnings effect future revenue potential?