Listing ID: 76382
This is a unique opportunity to own a long-established salon in the highly desirable Aspen Valley of Colorado. Situated directly on the Roaring Fork River, the salon has a beautiful and therapeutic location. The salon has a consistent client base with opportunities for immediate growth but no financial investment needed. The salon serves a multitude of clientele, including a loyal following from long-standing local clients, and second-home owners. Post-closing, the current owner would like to stay on as an employee to help guarantee a smooth transition of ownership and ensure strong revenue on day one. Don’t miss this lifestyle-purchase opportunity to either expand your current salon network or break out on your own!
Inquire for more details and learn how you can buy a business for as little as 10% down on qualified SBA listings or how to use creative financing options to get a deal done! At Transworld Business Advisors, we are the most active business brokerage in the country – listing and selling the most businesses in the state. Get added to our buyer list today to receive notifications as businesses with your criteria hit the market!
- Asking Price: $109,000
- Cash Flow: $66,324
- Gross Revenue: $176,532
- EBITDA: N/A
- FF&E: $31,400
- Inventory: $20,000
- Inventory Included: N/A
- Established: 1997
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
River-front salon with 678 sqft.
The company was established in 1997, making the business 25 years old.
The transaction doesn't include inventory valued at $20,000*, which ins't included in the suggested price.
Why is the Current Owner Selling The Business?
There are all types of reasons people resolve to sell businesses. Nonetheless, the true factor vs the one they say to you might be 2 absolutely different things. For instance, they might claim "I have a lot of other obligations" or "I am retiring". For numerous sellers, these factors are valid. However, for some, these may simply be excuses to attempt to conceal the reality of altering demographics, increased competition, recent decrease in profits, or a range of other factors. This is why it is very vital that you not depend entirely on a vendor's word, however instead, make use of the seller's answer along with your overall due diligence. This will paint a much more practical image of the business's current situation.
Existing Debts and Future Obligations
If the current business is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Many operating businesses borrow money with the purpose of covering things like stock, payroll, accounts payable, and so on. Remember that in some cases this can suggest that profit margins are too tight. Many organisations fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future obligations to think about. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that should be satisfied or might result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area attract new consumers? Often times, operating businesses have repeat consumers, which create the core of their daily earnings. Specific factors such as new competitors sprouting up around the area, road construction, as well as employee turnover can impact repeat clients and adversely impact future profits. One vital thing to consider is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Clearly, the more individuals that see the business on a regular basis, the greater the opportunity to construct a returning customer base. A last thought is the basic area demographics. Is the business placed in a densely inhabited city, or is it situated on the edge of town? Just how might the neighborhood typical family income influence future revenue potential?