Business Overview

Established boutique hair salon business for sale in San Ramon shopping center close to Highway 680. They do hair treatment, men and women haircut, coloring services, kids haircuts, beards and mustaches and more. Approximately 1060 square feet with ample parking. Some of the equipment included are 6 hair station, 3 shampoo bowl, one waxing room, kitchen and laundry area for washer and dryer. Lease amount is $3800 which cover water, garbage, and CAM charges. Yearly gross sales is $305,000

Financial

  • Asking Price: $120,000
  • Cash Flow: N/A
  • Gross Revenue: $305,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A
Purpose For Selling:

has other interest

Additional Info

The real estate is leased by the company for $3,800 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people decide to sell operating businesses. Nevertheless, the true factor and the one they tell you might be 2 completely different things. For instance, they might state "I have a lot of various obligations" or "I am retiring". For many sellers, these factors stand. However, for some, these may simply be reasons to try to conceal the reality of changing demographics, increased competition, recent reduction in incomes, or an array of various other reasons. This is why it is extremely vital that you not rely totally on a vendor's word, yet rather, use the vendor's answer along with your overall due diligence. This will repaint a much more reasonable picture of the business's existing scenario.

Existing Debts and Future Obligations

If the existing company is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your offer. Many operating businesses take out loans in order to cover points like stock, payroll, accounts payable, and so on. Bear in mind that sometimes this can suggest that revenue margins are too small. Lots of companies fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future obligations to think about. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that should be fulfilled or might cause penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the area attract new consumers? Often times, operating businesses have repeat clients, which develop the core of their day-to-day revenues. Certain factors such as new competitors growing up around the location, roadway building, and personnel turnover can influence repeat customers as well as negatively impact future incomes. One essential point to take into consideration is the location of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Certainly, the more individuals that see the business on a regular basis, the higher the opportunity to construct a returning client base. A last thought is the basic area demographics. Is the business placed in a densely inhabited city, or is it located on the outskirts of town? Exactly how might the neighborhood median home income influence future income potential?