Listing ID: 80442
OWN YOUR OWN SALON!
CLEAN & WELL MAINTAINED!
LOW RENT & LOW UTILITY BILLS!
1050 SQ FT
Rent + CAM is $1,690.00
Owner Works By Appointment Only
Lot of Walk-In Customers
Additional Income from the Boutique and 2 Booth Rental
Great Location in Busy Shopping Center with a Large Parking Lot
Located Off of Peachtree Industrial Near a Large Residential Zone
Call or Email for Address
- Asking Price: $89,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
The real estate is leased by the company for $1,690 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons individuals decide to sell operating businesses. Nonetheless, the true reason vs the one they say to you might be 2 absolutely different things. For instance, they may say "I have a lot of various commitments" or "I am retiring". For many sellers, these factors stand. But also, for some, these might just be excuses to attempt to hide the reality of changing demographics, increased competitors, current decrease in profits, or an array of other factors. This is why it is really vital that you not rely absolutely on a vendor's word, yet instead, make use of the seller's answer together with your general due diligence. This will repaint an extra sensible picture of the business's present circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Many businesses take out loans with the purpose of covering points like supplies, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can suggest that profit margins are too thin. Numerous 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 commitments to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with suppliers that need to be fulfilled or might cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area draw in brand-new clients? Often times, companies have repeat customers, which form the core of their daily earnings. Particular factors such as brand-new competition sprouting up around the area, road building, and employee turn over can influence repeat consumers as well as adversely affect future incomes. One essential thing to take into consideration is the area of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Clearly, the more people that see the business often, the greater the chance to construct a returning consumer base. A final idea is the basic area demographics. Is the business situated in a largely populated city, or is it located on the outside border of town? Exactly how might the regional mean house earnings influence future revenue prospects?