Business Overview

Full service highly reputable salon & spa with established service team and client base. Services include: hair, nails, esthetician, hair removal, massage, and spray tanning. Potential room to expand this salon. Owner has taken exceptional care to continually update the space. Perfect opportunity for turnkey hand off to new owner. If you own a salon and need a place to bring your staff or looking to open an additional location, while reaping the benefits of current residual rental income, this business is perfect for you! This salon has work stations that are rented to a wide range of cosmetologists on a full or part-time basis. Individual open floor, semi & private work stations are also available. Request our overview of this business today!
34 years in business at the same location!
This business offers mainly rented work stations to take out the liability of managing a staff.

Financial

  • Asking Price: $149,900
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: $160,000
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A
Is Support & Training Included:

2 weeks

Purpose For Selling:

relocating

Why is the Current Owner Selling The Business?

There are all types of reasons individuals resolve to sell operating businesses. However, the real reason and the one they say to you may be 2 totally different things. As an example, they might state "I have too many various commitments" or "I am retiring". For many sellers, these factors are valid. But also, for some, these may just be excuses to try to hide the reality of altering demographics, increased competitors, recent reduction in incomes, or an array of various other reasons. This is why it is really vital that you not rely completely on a vendor's word, yet rather, use the seller's response combined with your general due diligence. This will paint a more sensible picture of the business's existing scenario.

Existing Debts and Future Obligations

If the current entity is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of businesses borrow money in order to cover points such as inventory, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can indicate that earnings margins are too thin. Numerous companies fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future commitments to consider. There might be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with suppliers that have to be fulfilled or might result in fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the area draw in brand-new customers? Many times, businesses have repeat clients, which form the core of their everyday revenues. Particular elements such as new competitors growing up around the location, road construction, and also personnel turnover can influence repeat clients as well as negatively impact future profits. One essential thing to think about is the location of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Obviously, the more people that see the business on a regular basis, the greater the possibility to construct a returning consumer base. A last thought is the general location demographics. Is the business situated in a largely populated city, or is it located on the edge of town? Just how might the neighborhood typical household income influence future earnings prospects?