Listing ID: 81003

Business Overview

Located in South West area nearby Asian District.
An absolutely move-in ready turn-key salon

Size: 1100 sf
Rent:$2469/m CAM included
6-Hair Station,
3 remaining booths to rent to be the potential income.

Private Room ,
Utility Room for Washer & Dryer.
Staffs are willing to continue working with new owner
Current owner is also willing to stay and rent a private room for $800 /m

Financial

  • Asking Price: $55,000
  • Cash Flow: $11,200
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2019

Detailed Information

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

An absolutely move-in ready turn-key salon with 6 chairs for hairstylists, Private room , Utility room for the washer & Dryer(Installed).

Is Support & Training Included:

Seller will rent a space to work with new owner.

Additional Info

The business was founded in 2019, making the business 3 years old.

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people choose to sell businesses. However, the genuine reason and the one they say to you might be 2 entirely different things. For instance, they might state "I have a lot of other responsibilities" or "I am retiring". For many sellers, these reasons stand. However, for some, these might simply be justifications to attempt to hide the reality of changing demographics, increased competition, current decrease in earnings, or an array of various other factors. This is why it is very crucial that you not count entirely on a vendor's word, however instead, use the seller's response along with your general due diligence. This will paint a more reasonable picture of the business's current situation.

Existing Debts and Future Obligations

If the existing entity is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Numerous companies borrow money so as to cover points like supplies, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can indicate that profit margins are too thin. Many businesses fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future commitments to take into consideration. 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 result in charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the area attract brand-new customers? Many times, businesses have repeat customers, which form the core of their daily profits. Certain variables such as new competition growing up around the area, roadway construction, and also staff turn over can influence repeat customers as well as negatively affect future earnings. One essential thing to consider is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more individuals that see the business on a regular basis, the better the chance to develop a returning client base. A final idea is the basic area demographics. Is the business located in a largely populated city, or is it located on the outskirts of town? Just how might the neighborhood median house income impact future earnings potential?