Business Overview

Here’s your opportunity to take over a well-established, turnkey, profitable salon in a great location surrounded by anchor establishments like Costco, Oglethorpe University, Publix & LA Fitness. This salon for sale offers a full range of services that include hair design, color & make overs to match the client’s lifestyle. They also provide services like Eyebrow threading & waxing. The personal changes in the life of the current owner, makes this a great opportunity for a new owner. She will stay on, full time, through the transition period & could occupy a chair to keep her clientele in this location & introduce them & transfer them to the new owner or a new stylist over time.
This salon comes with 8 styling chairs, 4 dryers, 3 shampoo bowls and 1 wax/eye lash room. The salon was establish in 2011 & was renovated & upgraded in 2017. It is completely a turnkey operation.
The 5 year lease which is through January 2022 comes with a 5 year option to renew. Currently, the landlord has agreed to reduce the rent by 50% due to COVID.

For additional information regarding this unique opportunity please complete the attached 2 page buyer form & email it to Nick at nick@nbb-web.com. Feel free to call or text Nick at 404-405-4069 any time.

Financial

  • Asking Price: $89,000
  • Cash Flow: $60,000
  • Gross Revenue: $212,000
  • EBITDA: N/A
  • FF&E: $40,000
  • Inventory: $1,000
  • Inventory Included: N/A
  • Established: 2011

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,400
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This salon comes with 8 styling chairs, 4 dryers, 3 shampoo bowls and 1 wax/eye lash room. The salon was establish in 2011 & was renovated & upgraded in 2017. It is completely a turnkey operation.

Is Support & Training Included:

Seller will provide all necessary training after the closing & will be on stand by for an additional 6 months.

Purpose For Selling:

Family & other businesses

Additional Info

The business was started in 2011, making the business 11 years old.
The deal shall not include inventory valued at $1,000*, which ins't included in the listing price.

The company has 2 employees and is located in a building with approx. square footage of 1,400 sq ft.
The real estate is leased by the company for $2,650 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons people choose to sell companies. Nonetheless, the true reason and the one they say to you may be 2 totally different things. For instance, they might say "I have too many other responsibilities" or "I am retiring". For many sellers, these factors stand. But also, for some, these might just be reasons to attempt to conceal the reality of altering demographics, increased competitors, current decrease in earnings, or a range of other reasons. This is why it is really crucial that you not count entirely on a seller's word, but rather, use the seller's solution in conjunction with your general due diligence. This will repaint a much more realistic image of the business's current scenario.

Existing Debts and Future Obligations

If the current business is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your offer. Many companies take out loans in order to cover things like stock, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can mean that profit margins are too thin. Many businesses come 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 take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with vendors that must be satisfied or may cause fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the location draw in new consumers? Most times, companies have repeat customers, which develop the core of their everyday profits. Certain variables such as new competitors growing up around the location, road building and construction, and personnel turn over can influence repeat clients as well as adversely impact future profits. One important point to take into consideration is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more individuals that see the business on a regular basis, the greater the chance to construct a returning customer base. A final idea is the basic location demographics. Is the business situated in a largely populated city, or is it located on the outside border of town? How might the regional average household income effect future income potential?