Business Overview

Located adjacent to a top rated resort, there is plenty of business from weddings and gala events. In fact, the owner cannot handle all the business. The 2800 sq. ft. facility has everything you could want in a hair salon and spa.

In addition to the chairs there is a massage room, a waxing room, a facial room, manicure tables, hair dryers and a Vichy Shower Bed room.
The business is prominently perched in a recently renovated and high traffic shopping center.

After almost 20 years in business, there is a well established and loyal client base.
The owner is willing to stay on as a stylist and over time transition her clients to the new owner.

This is the perfect opportunity for an entrepreneurial hair stylist to branch out on her own. The stage is set, the business is here. the price is right.
It just needs someone willing to step up to the plate.

Call Jeff Neuburg 703-623-5575

Financial

  • Asking Price: $85,000
  • Cash Flow: $60,000
  • Gross Revenue: $241,000
  • EBITDA: N/A
  • FF&E: $20,000
  • Inventory: $3,000
  • Inventory Included: Yes
  • Established: 2003

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:2,800
  • Lot Size:N/A
  • Total Number of Employees:4
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

2800 sq. ft. 14 Stylist Chairs, 3 Pedicure Chairs, 4 Shampoo Bowls, 2 Manicure Tables, 4 Hair Dryers, 1 Facial Room, 1 massage Bed/Room, 1 Waxing Chair/Room, 1 Vichy Shower Bed Room

Is Support & Training Included:

2 Weeks Free plus additional help as needed

Purpose For Selling:

20 years is enough

Opportunities and Growth:

With the resort nearby there is plenty of demand.. The new owner will have all the business she needs and just needs to make use of the incredible facilities.

Additional Info

The company was started in 2003, making the business 19 years old.
The deal does include inventory valued at $3,000, which is included in the suggested price.

The company has 4 employees and resides in a building with estimated square footage of 2,800 sq ft.
The property is leased by the company for $3,600 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals choose to sell operating businesses. However, the genuine factor vs the one they tell you might be 2 totally different things. As an example, they might say "I have way too many other commitments" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these might simply be reasons to attempt to hide the reality of changing demographics, increased competition, current reduction in earnings, or an array of various other reasons. This is why it is extremely crucial that you not rely absolutely on a seller's word, however instead, use the vendor's response in conjunction with your overall due diligence. This will paint an extra practical picture of the business's current scenario.

Existing Debts and Future Obligations

If the current company is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your offer. Lots of operating businesses take out loans with the purpose of covering items like inventory, payroll, accounts payable, and so on. Keep in mind that sometimes this can imply that revenue margins are too thin. Many businesses come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that should be met or might lead to penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the location draw in new clients? Often times, operating businesses have repeat consumers, which develop the core of their day-to-day revenues. Specific variables such as brand-new competitors growing up around the location, road building and construction, and employee turn over can affect repeat consumers and negatively impact future profits. One essential thing to think about is the area of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Clearly, the more people that see the business often, the better the chance to build a returning consumer base. A final idea is the general location demographics. Is the business situated in a densely populated city, or is it located on the edge of town? Just how might the regional average household income effect future earnings prospects?