Listing ID: 82625
This is a fantastic opportunity for a licensed stylist or manager to own their own salon at a premium location. This is an owner-operated business. The seller has invested over $55,000 to create a warm, inviting high end atmosphere with 10 well appointed stations (average monthly rent per station $640) . There are currently 10 professionals (including the seller). Each stylist maintains a loyal customer base via social media channels and reviews are excellent. The seller is looking to slow down after a long and successful career but would be willing to stay on to provide service to her clientele. This is a rare find and will not last long. The seller will consider all offers. For additional information please contact listing agent Quin Rasmussen at 406-431-6260 or email@example.com.
- Asking Price: $200,000
- Cash Flow: N/A
- Gross Revenue: $200,000
- EBITDA: N/A
- FF&E: $40,000
- Inventory: $4,000
- Inventory Included: Yes
- Established: 2012
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,200
- Lot Size:N/A
- Total Number of Employees:9
- Furniture, Fixtures and Equipment:N/A
This is a leased location of 2,200 square feet with a Total Rent of $2,680. Seller is active in the business with 9 Independent Contractors. Hours of operation are 8 AM to 7 PM, 6 Days a week. $4,000 in Inventory and $40,000 in FF&E included in Asking Price. $55,000 made in Leasehold Improvements.
The venture was founded in 2012, making the business 10 years old.
The sale shall include inventory valued at $4,000, which is included in the requested price.
The company has 9 employees and is located in a building with estimated square footage of 2,200 sq ft.
The property is leased by the business for $2,680 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals decide to sell operating businesses. Nevertheless, the real factor and the one they say to you might be 2 totally different things. As an example, they might say "I have way too many other responsibilities" or "I am retiring". For numerous sellers, these factors stand. However, for some, these may simply be reasons to attempt to conceal the reality of changing demographics, increased competitors, recent decrease in profits, or an array of other reasons. This is why it is very vital that you not rely absolutely on a seller's word, yet rather, use the vendor's response combined with your total due diligence. This will repaint an extra realistic image of the business's present situation.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your deal. Numerous companies borrow money in order to cover things like stock, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can indicate that profit margins are too tight. Numerous companies fall under 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 equipment or the building where the business resides. The business might have existing agreements with vendors that need to be fulfilled or might cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location bring in brand-new consumers? Most times, companies have repeat clients, which develop the core of their everyday revenues. Particular aspects such as brand-new competition sprouting up around the area, road building and construction, and employee turnover can impact repeat clients as well as adversely impact future profits. One crucial thing to consider is the location of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Clearly, the more individuals that see the business often, the greater the chance to build a returning client base. A last idea is the basic area demographics. Is the business placed in a densely inhabited city, or is it located on the edge of town? How might the local average household income impact future income potential?