Business Overview

Great opportunity to start a business of your own as the seller is looking to retire after successfully running the business for 16 years. Turn-key high-end salon, with highly experienced hairdressers both for men and women they are located right on a spectacular corner space on a busy street.

The salon 4.0+ ratings on google with highly satisfied consumer reviews. Equipped with 7 stations,5 chairs for men,2 chairs for women, 2 shampoo stations, dryer room, trained staff of 5 a great office space.

Great reputation and client base for someone to just come in and take over the operation. The owner is willing to stay on board to help ease the transition.

Financial

  • Asking Price: $72,000
  • Cash Flow: $23,040
  • Gross Revenue: $151,059
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:5
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

2 weeks

Purpose For Selling:

Owner wants to retire

Additional Info

The company has 5 employees and is located in a building with approx. square footage of N/A sq ft.
The property is leased by the business for $1,050 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons why people decide to sell businesses. However, the genuine reason and the one they say to you may be 2 completely different things. As an example, they may claim "I have too many various responsibilities" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these may just be justifications to attempt to conceal the reality of transforming demographics, increased competition, recent decrease in earnings, or a range of other reasons. This is why it is extremely crucial that you not depend absolutely on a vendor's word, however rather, use the vendor's answer combined with your overall due diligence. This will repaint a more realistic picture of the business's current scenario.

Existing Debts and Future Obligations

If the current company is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your deal. Lots of companies take out loans so as to cover things like stock, payroll, accounts payable, so on and so forth. Remember that sometimes this can imply that profit margins are too thin. Lots of companies fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future commitments to consider. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with suppliers that must be satisfied or may result in fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the location attract new customers? Often times, businesses have repeat customers, which form the core of their daily earnings. Particular variables such as new competitors growing up around the area, road building and construction, and employee turn over can influence repeat customers and also adversely impact future incomes. One crucial point to take into consideration is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Obviously, the more individuals that see the business on a regular basis, the higher the possibility to develop a returning customer base. A final idea is the basic location demographics. Is the business placed in a largely inhabited city, or is it situated on the outside border of town? Just how might the neighborhood average household income effect future income potential?