Listing ID: 70193
Business Overview
This well established and profitable salon has many loyal customers, is spacious, takes up two salon suites and is located on Fort Campbell boulevard one of the busiest highways. This business was established in 2007 and has been operating at it’s current location since 2011. In addition to the clean work environment the stylists are reliable and experienced. You have everything you need to get started. All supplies , equipment and furniture to remain. Current owner will continue to work and show the new owner the ropes of the business. Clients even come from across the State line since this is one of the busy salons close to the KY border.
This established salon has 11 Hair stations!! An aesthetician room, two bathrooms, a color bar, security camera, washer and a dryer in back staff room, 4 Hairdryer chairs, 4 Shampoo bowls and chairs that are not attached to walls and have their own plumbing system under chairs, Appointment software, custom cabinets, two HVAC units!! Over 4000 followers on social media. Owner spent a lot on initial build out and has invested a lot of time and money on equipment, selections, updates and fixtures.
Owner looking to retire. Must have proof of financing and knowledge or experience in running the business.
This is a business for sale only , the building is not for sale and new owner of business will
sign a new lease with current owner/property manager.
Please call me or email me with any questions.
Prime location close to post and off a main and busy highway. Current owner will possibly sig new lease with new tenant as current owner is on a month to month lease.
This area is growing tremendously and business is expected to grow as well. High cash flow and well manageable business.
11 Stylist stations & chairs, Reception desk, waiting area furniture, High top color bar with bar bar stools, shampoo stations, detached from wall with bowls and chairs, 4 Hair dryer stations & chairs, staff room equipment with washer and dryer, work stations, furniture, fixtures, all equipment and furnishings, Security camera, cash register, supplies, appointment software, merchandise for sale etc
Financial
- Asking Price: $97,000
- Cash Flow: $123,000
- Gross Revenue: $355,825
- EBITDA: N/A
- FF&E: N/A
- Inventory: $5,000
- Inventory Included: Yes
- Established: 2007
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,930
- Lot Size:N/A
- Total Number of Employees:6
- Furniture, Fixtures and Equipment:N/A
4 weeks
retirement
Additional Info
The company was started in 2007, making the business 15 years old.
The deal will include inventory valued at $5,000, which is included in the requested price.
The business has 6 employees and is situated in a building with estimated square footage of 1,930 sq ft.
The real estate is leased by the company for $2,700 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why people decide to sell companies. Nonetheless, the true reason vs the one they say to you might be 2 totally different things. As an example, they might claim "I have too many other obligations" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these may simply be reasons to attempt to conceal the reality of transforming demographics, increased competition, recent decrease in earnings, or a range of other factors. This is why it is extremely essential that you not rely entirely on a vendor's word, yet rather, use the seller's response combined with your overall due diligence. This will repaint a more realistic image of the business's current scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous operating businesses borrow money in order to cover items like supplies, payroll, accounts payable, etc. Bear in mind that occasionally this can suggest that revenue margins are too tight. Numerous organisations fall under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future obligations to consider. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that have to be satisfied or may cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location bring in brand-new consumers? Most times, businesses have repeat clients, which develop the core of their day-to-day profits. Particular variables such as brand-new competition sprouting up around the area, road building and construction, and also employee turnover can influence repeat clients and adversely affect future profits. One essential thing to consider is the location of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more individuals that see the business regularly, the better the opportunity to construct a returning client base. A final idea is the general location demographics. Is the business situated in a largely populated city, or is it located on the outskirts of town? Just how might the local median home income influence future earnings potential?
