Listing ID: 74058
This Salon & Spa location is completely turn key and ready. Well established since open in 1989.
Gross Sales for 2021 – $712,514.02
Full Service Salon that offers hair designing, color and clarifying treatments. Also, offers hair coiffuring for formal and bridal styling.
Make-up and lashes also available. Spa is fully equipped for all nail and pedicure services. Also offers full spa packages for one person or a group!
Contact our office for detailed equipment list.
- Asking Price: $185,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: $8,500
- Inventory Included: N/A
- Established: 1989
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,767
- Lot Size:N/A
- Total Number of Employees:8
- Furniture, Fixtures and Equipment:N/A
Located in popular strip mall in downtown area in Washtenaw County. Space of 2,767 offers rooms for massages as well as facials
The Seller will be available for 14 days at a minimum of 4 hours per day at no extra charge to the Buyer
The company was started in 1989, making the business 33 years old.
The transaction doesn't include inventory valued at $8,500*, which ins't included in the suggested price.
The business has 8FT/3PT employees and resides in a building with approx. square footage of 2,767 sq ft.
The building is leased by the company for $6,400 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals choose to sell companies. Nevertheless, the genuine factor vs the one they tell you might be 2 totally different things. For instance, they may claim "I have way too many various responsibilities" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these may just be excuses to attempt to hide the reality of transforming demographics, increased competitors, current decrease in incomes, or a variety of various other reasons. This is why it is extremely essential that you not count absolutely on a seller's word, however rather, use the seller's solution together with your total due diligence. This will paint a more reasonable image of the business's present scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of businesses take out loans in order to cover things like inventory, payroll, accounts payable, and so on. Remember that occasionally this can mean that profit margins are too tight. Numerous companies come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future commitments to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with suppliers that need to be fulfilled or may lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location draw in brand-new consumers? Many times, businesses have repeat customers, which develop the core of their daily profits. Particular variables such as new competitors sprouting up around the area, roadway building and construction, as well as employee turn over can affect repeat customers as well as negatively influence future revenues. One vital thing to think about is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Certainly, the more individuals that see the business regularly, the better the chance to develop 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? How might the regional mean family income effect future earnings potential?