Listing ID: 76721
Absentee Run! Low overhead, fully staffed, and simple operation.
Salon is open and operating with a full-time working manager and six additional p/t and f/t stylists. Average monthly sale are $24K giving the owner operator (absentee) an average take home profit of $4500-6000.
Excellent Books & Records. State of the art POS system w/huge database of emails and phone numbers. This salon has been open for almost 2 decades!
No Beauty Experience Needed!
Although business and entrepreneurial experience are helpful, salon experience is not required. The ideal franchisee is an experienced businessperson who is passionate about their community and about customer service. They’re seeking an opportunity that’s stable and scalable.
Franchise requires that potential Owners have a minimum net worth of $500K & at least $100K in cash/liquid capital.
All interested and qualified buyer are encouraged to complete and NDA for more information.
- Asking Price: $159,995
- Cash Flow: $60,000
- Gross Revenue: $288,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2004
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
The business was started in 2004, making the business 18 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons people resolve to sell operating businesses. Nonetheless, the true reason vs the one they say to you might be 2 completely different things. As an example, they might state "I have a lot of other responsibilities" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these may simply be reasons to try to hide the reality of transforming demographics, increased competition, current decrease in earnings, or a variety of other reasons. This is why it is extremely crucial that you not rely absolutely on a seller's word, however rather, utilize the vendor's answer together with your general due diligence. This will paint an extra sensible image of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your deal. Numerous operating businesses finance loans so as to cover items like stock, payroll, accounts payable, and so on. Keep in mind that occasionally this can imply that earnings margins are too small. Lots of businesses fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to consider. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that have to be satisfied or may result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area attract brand-new clients? Most times, businesses have repeat clients, which create the core of their daily profits. Particular variables such as brand-new competition sprouting up around the area, roadway construction, as well as personnel turn over can affect repeat clients as well as negatively affect future profits. One crucial thing to take into consideration is the location of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Undoubtedly, the more people that see the business often, the higher the opportunity to construct a returning customer base. A last thought is the general area demographics. Is the business situated in a densely populated city, or is it situated on the outskirts of town? Just how might the local average home income impact future earnings potential?