Listing ID: 67567
Established Barber and Cosmetology School for Sale in SE VA
Located in a Busy Strip Mall – Owner Retiring
Amazing opportunity to acquire and own a popular established Cosmetology and Barbering school. This established barber and cosmetology school has been in operation for over 18 years and has an excellent reputation for high standard, completion, and placement. Its outstanding reputation attracts aspiring barbers and hair stylists from military veterans and the local community. This opportunity offers an experienced CHEV certified trainer a chance for immediate ownership and or could be easily transitioned into a standard beauty solon or barber shop perfect for an aspiring salon owner.
Key Investment Considerations
• Located in a busy strip center with a daily traffic count of over 40,000 cars.
• Asking price $50,000.00
• 12 Fully Operational Beauty Stations
• $25,000 in Furniture, Fixtures and Equipment
• $7,000 in Leasehold Improvements
• $1,000 in Inventory
• Good Lease Terms with Option
• Great scheduling software
• Owner willing to train.
As always, other brokers are welcome. Bring your qualified buyers while this opportunity still exists!
- Asking Price: $50,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
Why is the Current Owner Selling The Business?
There are all types of reasons people decide to sell companies. Nevertheless, the true reason and the one they say to you may be 2 absolutely different things. For instance, they may claim "I have way too many other commitments" or "I am retiring". For many sellers, these reasons are valid. However, for some, these may simply be excuses to attempt to conceal the reality of altering demographics, increased competitors, recent reduction in earnings, or a variety of various other factors. This is why it is extremely important that you not depend entirely on a seller's word, however instead, utilize the seller's answer combined with your general due diligence. This will repaint a much more sensible picture of the business's existing situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your deal. Lots of operating businesses borrow money so as to cover things such as supplies, payroll, accounts payable, etc. Keep in mind that in some cases this can imply that profit margins are too small. Many organisations fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future commitments to think about. There may be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with vendors that have to be fulfilled or might result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area bring in new clients? Often times, operating businesses have repeat clients, which create the core of their day-to-day earnings. Specific aspects such as new competition sprouting up around the area, road construction, as well as personnel turn over can impact repeat clients and also negatively influence future incomes. One essential point to consider is the placement of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Certainly, the more individuals that see the business often, the better the possibility to construct a returning client base. A final idea 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 regional mean household income influence future earnings prospects?