Listing ID: 81079
SELLER FINANCING! This nationally branded salon is not a typical barber or hair salon, rather a hybrid of both! This men’s hair salon has successfully taken the best elements from both experiences to create
a comfortable place for men to not only get a haircut, hand detailing, body waxing or other men’s salon services, but also learn from our salon experts about the best way to handle all their grooming concerns. For a quick response to your inquiry, please email listing agent Trent Lee (RE# S.0183611.LLC; Business Broker Permit# BUSB.0006978) at firstname.lastname@example.org.
- Asking Price: $59,000
- Cash Flow: $30,000
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: $45,000
- Inventory: $1,000
- Inventory Included: Yes
- Established: 2020
- 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
This is a leased location of 2425 square feet with a Total Monthly Rent of $3,807.25. Lease ends 3/2026. Seller is active with 3 contract employees. Hours of operation are 10am - 70pm, 9am - 5pm, 10am-4pm Tuesday-Friday, Saturday and Sunday. $1,000 in Inventory and $45,000 in FF&E included in Asking Price. $50,000 made in Leasehold Improvements. Cosmetology license required.
Moving out of state.
The venture was started in 2020, making the business 2 years old.
The deal shall include inventory valued at $1,000, which is included in the listing price.
The company has 3 employees and is situated in a building with approx. square footage of N/A sq ft.
The property is leased by the business for $3,807.25 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why people decide to sell operating businesses. Nevertheless, the true reason vs the one they say to you might be 2 entirely different things. For instance, they may claim "I have a lot of other responsibilities" or "I am retiring". For many sellers, these reasons stand. But, for some, these might just be reasons to attempt to conceal the reality of transforming demographics, increased competition, current reduction in revenues, or a range of other factors. This is why it is really vital that you not count completely on a seller's word, yet instead, utilize the vendor's solution in conjunction with your general due diligence. This will paint an extra sensible picture of the business's present scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which many businesses are, then you will need to consider this when valuating/preparing your offer. Numerous businesses take out loans so as to cover points like inventory, payroll, accounts payable, and so on. Bear in mind that sometimes this can imply that profit margins are too tight. Lots of companies fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future obligations to consider. 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 met or may cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location attract new customers? Many times, businesses have repeat customers, which form the core of their everyday revenues. Specific aspects such as brand-new competitors growing up around the location, road construction, and also personnel turnover can influence repeat consumers and also adversely affect future revenues. One essential point to consider is the location of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Certainly, the more people that see the business often, the greater the chance to develop a returning customer base. A final idea is the general location demographics. Is the business situated in a densely populated city, or is it located on the outside border of town? Just how might the local typical home earnings impact future income prospects?