Listing ID: 79271
Own this Salon and believe in happy endings…. The salon you have always dreamed of owning- turnkey ready with optional spaces to recreate! Recently renovated and Chic and modern lines, spacious, clean and great parking! Enhance your ability to shine and design- fill out the NDA and begin this amazing Legacy Adventure in the Salon business ownership!
- Asking Price: $79,000
- Cash Flow: N/A
- Gross Revenue: $36,186
- EBITDA: N/A
- FF&E: $56,791
- Inventory: $500
- Inventory Included: N/A
- Established: 2017
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,500
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
Inside is Clean, Spacious and rearrangeable to suit new owners’ tastes. Extra private rooms can be converted to offer additional salon & Spa services, two waiting areas, break room, 2 storage room2, laundry room w/W/D- handicap bathroom. With bright floor to ceiling windows and mirrors everywhere!
Owner will train free for two weeks, plus owner will stay on as independent contractor stylist several days a week to an agreed amount of time with new owners.
Extremely sought-after location, completely full strip mall with decades of business. No competition and plenty of parking day, night, weekends. Complementary shops help drive customers in for walk-in and pre-booking’s! Walk ins and Loyal Customers know this is the place to go to nourish their hair!
Additional services that could grow this location: Massage, Facials, Eyebrow threading, permanent makeup, eyelash extensions, after hour beauty parties, capture customer inquire data online and in store for flash ads or sale advertisement, and expanding hours open
The company was founded in 2017, making the business 5 years old.
The deal won't include inventory valued at $500*, which ins't included in the requested price.
The business has 4 employees and is located in a building with estimated square footage of 1,500 sq ft.
The property is leased by the business for $2,075 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons people decide to sell operating businesses. However, the genuine factor and the one they tell you may be 2 entirely different things. For instance, they may state "I have a lot of various obligations" or "I am retiring". For many sellers, these factors are valid. But, for some, these might simply be reasons to attempt to hide the reality of transforming demographics, increased competition, recent decrease in incomes, or a variety of other reasons. This is why it is very vital that you not count completely on a vendor's word, yet rather, make use of the seller's response combined with your total due diligence. This will repaint a much more practical picture of the business's present scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Many operating businesses finance loans so as to cover items such as stock, payroll, accounts payable, and so on. Bear in mind that occasionally this can suggest that revenue margins are too thin. Many organisations fall under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future commitments to think about. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with suppliers that should be met or might cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area draw in brand-new consumers? Most times, companies have repeat clients, which create the core of their day-to-day profits. Certain aspects such as brand-new competition sprouting up around the location, roadway building, and also employee turn over can influence repeat customers as well as negatively affect future profits. One vital point to consider is the placement of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more people that see the business on a regular basis, the higher the opportunity to develop a returning client base. A final thought is the general area demographics. Is the business located in a largely populated city, or is it located on the outside border of town? Just how might the regional average family income effect future income prospects?