Business Overview

Well established and profitable body waxing business for sale in Rome Georgia.
This business is a high-quality franchise waxing bar, the Spa specializes in using all-natural waxing products and is known for its excellent service. Repeat clients provide a steady stream of recurring revenue. The wax bar has over 3,500 clients in their database, with new ones added each day. Target market includes services for women and men in nearby hospital and universities.
The business’s trained estheticians runs this established business and uses modern and natural waxing techniques, low prices, welcoming environment and personal touch with clients set it apart from other wax bars in the area. 3 Estheticians rotate the schedule on a weekly basis with the owner stopping by once a week to distribute material and payroll. An owner operator can
The Spa equipment and furniture are included in the sale of the business. Rent is low and the facility has ample parking — right off a heavily traveled road in Rome.
New ownership had the opportunity to help take this established business to the next level!

Financial

  • Asking Price: $135,000
  • Cash Flow: $50,726
  • Gross Revenue: $145,363
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2017

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:2,116
  • Lot Size:N/A
  • Total Number of Employees:3
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This business is one of the only wax bars in the area to offer an all-natural experience.

Is Support & Training Included:

One week by the seller

Purpose For Selling:

Other interest

Pros and Cons:

This business is one of the only wax bars in the area to offer an all-natural experience.

Additional Info

The company was founded in 2017, making the business 5 years old.

The company has 3 employees and is situated in a building with disclosed square footage of 2,116 sq ft.
The building is leased by the business for $1,170 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons why individuals resolve to sell companies. Nonetheless, the true factor vs the one they tell you might be 2 totally different things. For instance, they might say "I have too many other obligations" or "I am retiring". For many sellers, these factors are valid. However, for some, these might just be reasons to try to hide the reality of transforming demographics, increased competition, recent decrease in incomes, or a range of various other factors. This is why it is extremely vital that you not rely completely on a vendor's word, yet instead, make use of the seller's answer along with your overall due diligence. This will repaint a more realistic picture of the business's existing scenario.

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 offer. Numerous businesses take out loans in order to cover things like stock, payroll, accounts payable, so on and so forth. Remember that occasionally this can indicate that revenue margins are too tight. Numerous organisations fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with suppliers that need to be met or may lead to charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area attract brand-new consumers? Most times, businesses have repeat customers, which create the core of their daily profits. Particular variables such as brand-new competition sprouting up around the area, roadway building, as well as employee turn over can influence repeat clients and also adversely influence future profits. One essential thing to consider is the area of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more individuals that see the business regularly, the greater the opportunity to develop a returning consumer base. A last thought is the basic location demographics. Is the business located in a largely inhabited city, or is it located on the edge of town? How might the regional typical family earnings impact future earnings potential?