Listing ID: 81326
This is an opportunity to buy one full service salon and acquire the existing lease. Due to the pandemic shut down of the city, the business workers were all told to stay home, and the business was no longer viable to the current owners. The owner now wants to simply sell the assets and is offering the assets and lease to a buyer. The owner is busy with other obligations and has little time to devote to rebuilding the salon business. This would be a great opportunity for someone looking to either enter the market or grow an existing brand, especially now with the city coming out of the mask mandate and putting the covid pandemic behind.
• Easy to Learn and Operate
• Huge Upside Potential due to Demand in the Las Vegas Market
• Seller willing to Ensure Smooth Transition
• Stable and Growing Industry
• Las Vegas is continuing to Grow in 2022 with the opening of Circa Resort, Virgin Hotels, Allegiant Stadium, Resorts World, the Convention Center Expansion, and the continued construction on the MSG Sphere Entertainment Venue.
For more information including a detailed confidential opportunity summary with financial information and photos, please call Samuel Baird with Sunbelt Business Brokers at 801-687-7472 or email for a non-disclosure agreement to quickly receive the package at email@example.com NV license # 146087, Business Broker # 7095.
- Asking Price: $50,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2019
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,200
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
Will be available
The company was started in 2019, making the business 3 years old.
The company has 1 employees and is situated in a building with disclosed square footage of 1,200 sq ft.
The building is leased by the business for $3,400 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals decide to sell operating businesses. Nevertheless, the real reason and the one they say to you may be 2 absolutely different things. As an example, they may say "I have a lot of other responsibilities" or "I am retiring". For lots of sellers, these reasons stand. However, for some, these might just be excuses to try to hide the reality of changing demographics, increased competition, current reduction in revenues, or a variety of various other factors. This is why it is extremely vital that you not depend totally on a vendor's word, yet rather, use the vendor's response together with your overall due diligence. This will repaint a much more practical picture of the business's existing scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of businesses borrow money so as to cover things such as stock, payroll, accounts payable, etc. Keep in mind that occasionally this can indicate that profit margins are too tight. Lots of organisations come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future obligations to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that must be met or may cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location draw in new consumers? Most times, operating businesses have repeat clients, which develop the core of their day-to-day revenues. Certain elements such as brand-new competitors growing up around the location, road building and construction, and also personnel turnover can influence repeat consumers and adversely influence future profits. One vital thing to think about is the location of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Obviously, the more people that see the business on a regular basis, the greater the possibility to build a returning consumer base. A final thought is the general location demographics. Is the business located in a densely populated city, or is it situated on the outside border of town? Just how might the regional mean home income impact future income prospects?