Listing ID: 81304
THE SALON YOU WANT! Hot location in a very high-end upscale area! Top name salon in Henderson offering hair & salon services including precision haircuts, styling, extensions, lashes, micro-blading, permanent make-up, spray tanning, event make-up, facials and waxing by expert stylists/aesthetician techs in a beautiful relaxing atmosphere that was recently remodeled! 13 stations and 2 private rooms. Business is committed to helping customers to look and feel their very best! Salon is proud to partner with top shelf brand name product line for hair, skin, face, and body. This one is too gorgeous to last long! Gross Sales & Income are actual 2021 with simple add backs. Great for E2 Visa investor! EMAIL NOW before it is gone! For the fastest reply to you inquiry, please use this ad’s email reply! For the fastest reply to your inquiry, please use this ad’s email reply or contact Business Broker Edward Smith (RE# BS.0038345.PC; Business Broker Permit# BBP.0000005) at 702-274-7320 or email email@example.com
- Asking Price: $125,000
- Cash Flow: $58,154
- Gross Revenue: $374,804
- EBITDA: N/A
- FF&E: $120,000
- Inventory: $10,000
- Inventory Included: Yes
- Established: 2009
- 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 2249 square feet with a Total Rent of $4500. Lease ends 03/2029 with a one 5 year lease options. Seller is active in the business with 3 Independent Contractors. Hours of operation are 9 AM to 7 PM, Tues-Fri and 9 AM to 5 PM Sat. $10,000 in Inventory and $120,000 in FF&E included in Asking Price. $120,000 made in Leasehold Improvements. Assets include Established customers with excellent cash flow! Barbershop/Cosmetology/Microblading License Required.
Fourteen (14) Days
The company was founded in 2009, making the business 13 years old.
The transaction does include inventory valued at $10,000, which is included in the suggested price.
Why is the Current Owner Selling The Business?
There are all types of reasons individuals choose to sell companies. Nonetheless, the true reason and the one they tell you may be 2 absolutely different things. As an example, they might claim "I have a lot of various obligations" or "I am retiring". For many sellers, these reasons are valid. But also, for some, these might simply be excuses to try to conceal the reality of changing demographics, increased competitors, recent reduction in revenues, or a range of various other reasons. This is why it is extremely crucial that you not count entirely on a vendor's word, yet instead, use the vendor's answer together with your overall due diligence. This will paint a much more sensible picture of the business's current situation.
Existing Debts and Future Obligations
If the existing company is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Many companies borrow money with the purpose of covering points such as supplies, payroll, accounts payable, and so on. Keep in mind that occasionally this can indicate that earnings margins are too thin. Many companies fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future obligations to think about. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that need to be satisfied or might cause penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area bring in brand-new consumers? Most times, businesses have repeat clients, which form the core of their day-to-day earnings. Particular variables such as brand-new competitors sprouting up around the area, road building, and personnel turnover can influence repeat clients as well as negatively impact future earnings. One crucial point to consider is the location of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Clearly, the more individuals that see the business often, the greater the possibility to construct a returning client base. A last idea is the general area demographics. Is the business situated in a densely populated city, or is it located on the edge of town? Just how might the neighborhood average family earnings effect future revenue prospects?