Listing ID: 76618
Why build a new one, it is all ready for you! Current owner has to leave for personal reasons.
New build-out in a popular Neighborhood Center. Space includes 3 workstations
waiting area, and newly constructed private room for additional treatments/services.
Services available: Eyebrow threading, Waxing, Hydra Facials,
Eyelash, Microdermabrasion, Henna Tattoo, Henna Tint
Additional services (hair, nails, etc.) with landlord approval.
- Asking Price: $20,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2020
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:890
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
Everything is brand new.
Seller will help with transition
The company was established in 2020, making the business 2 years old.
The company has 1 employees and resides in a building with approx. square footage of 890 sq ft.
The building is leased by the company for $2,400 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons people resolve to sell businesses. However, the real factor vs the one they tell you might be 2 completely different things. As an example, they may claim "I have a lot of various commitments" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these may simply be excuses to try to hide the reality of altering demographics, increased competitors, current decrease in profits, or a range of other reasons. This is why it is very vital that you not depend completely on a vendor's word, however instead, use the seller's answer together with your total due diligence. This will repaint a much more realistic image of the business's present circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your offer. Numerous operating businesses take out loans so as to cover points like supplies, payroll, accounts payable, and so on. Remember that occasionally this can imply that profit margins are too small. Many businesses fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future obligations to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with suppliers that must be fulfilled or might cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area draw in brand-new customers? Many times, operating businesses have repeat clients, which create the core of their everyday profits. Certain factors such as new competitors sprouting up around the location, road building, as well as staff turnover can influence repeat customers as well as adversely influence future incomes. One vital point to think about is the area of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more people that see the business on a regular basis, the higher the possibility to develop a returning client base. A final idea is the basic area demographics. Is the business located in a densely populated city, or is it situated on the outskirts of town? Exactly how might the local typical home earnings influence future earnings potential?