Business Overview

An excellent opportunity for a cutter to step out on their own or for an established salon to get a prime high end location. This business is very profitable and has many options….adding nails and more services. If a cutter buys this business and brings their clientele with them they will do fantastic! A great base of business now and the current owner will stay on as long as the new owner would like. The current owner is not retiring or running away but just needs to take a step back because of personal reasons. The location is A-1 rated with great parking all around. Seller is flexible as to how to set up the terms of the deal but well worth the 200K asking price. The salon is well appointed and in move in condition. Serious inquiries only.

Financial

  • Asking Price: $200,000
  • Cash Flow: $150,000
  • Gross Revenue: $450,000
  • EBITDA: N/A
  • FF&E: $150,000
  • Inventory: $10,000
  • Inventory Included: Yes
  • Established: 2007

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,600
  • Lot Size:N/A
  • Total Number of Employees:8
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Located on top main street in CT. Plenty of parking. Great set up and up to date and move in condition. Equipment list available.

Is Support & Training Included:

4 weeks to transition professionally. Owner will stay and keep his clientele at the salon. Seller will stay on as long as new ownership would like.

Purpose For Selling:

Owner needs to slow down and take a step back. Personal issues.

Pros and Cons:

They have excellent employee / cutter retention. Biggest part in running a successful salon.

Opportunities and Growth:

Can add services and cutters....nails...facials...etc...

Additional Info

The venture was founded in 2007, making the business 15 years old.
The transaction will include inventory valued at $10,000, which is included in the requested price.

The business has 8 employees and resides in a building with estimated square footage of 1,600 sq ft.
The building is leased by the company for $7,000 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons why people resolve to sell businesses. Nonetheless, the genuine factor and the one they say to you might be 2 totally different things. For instance, they may state "I have too many various responsibilities" or "I am retiring". For numerous sellers, these factors stand. However, for some, these may simply be excuses to try to conceal the reality of transforming demographics, increased competitors, current decrease in earnings, or a variety of other factors. This is why it is very important that you not count entirely on a seller's word, yet rather, utilize the vendor's solution together with your overall due diligence. This will repaint an extra realistic image of the business's existing scenario.

Existing Debts and Future Obligations

If the current entity is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your deal. Numerous businesses take out loans with the purpose of covering points like stock, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can mean that earnings margins are too small. Lots of organisations fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future obligations to think about. There may be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that have to be satisfied or may cause penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the location attract brand-new clients? Most times, operating businesses have repeat customers, which create the core of their day-to-day earnings. Specific elements such as brand-new competition growing up around the area, road building and construction, and also personnel turnover can influence repeat consumers and adversely impact future earnings. 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 main road? Clearly, the more people that see the business often, the greater the chance to build a returning customer base. A last idea is the basic area demographics. Is the business situated in a largely inhabited city, or is it located on the outside border of town? Exactly how might the regional typical household earnings effect future income prospects?