Listing ID: 83092
Sunbelt Business Brokers of New Orleans presents this high end and prominent location salon business for sale! Salon has been open for over a decade in a prominent, popular and high energy area of New Orleans, LA. Salon is priced to sell and a perfect fit for a someone looking to enter the business or expand with another location with a reputable location, stylists and incoming revenue. Salon has very loyal clientele. Salon is set up for transition and primed for new ownership to take it to the next level. Salon has 8 chairs to rent out and generate revenue.
Owner is ready to retire. Seller will help train and transition new owner. Contact us today for more information on this salon before it’s gone. If you ever dreamed of expanding or having your own salon call us today for more information! Come see the establishment, meet the owner and see the perfect fit for you. Be impressed and make an offer today!
- Asking Price: $135,000
- Cash Flow: $62,880
- Gross Revenue: $207,329
- EBITDA: N/A
- FF&E: N/A
- Inventory: $8,000
- Inventory Included: Yes
- Established: 2011
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,400
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
The business was started in 2011, making the business 11 years old.
The deal does include inventory valued at $8,000, which is included in the requested price.
The property is leased by the company for $2,700 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons people resolve to sell companies. Nonetheless, the genuine factor and the one they tell you may be 2 absolutely different things. For instance, they might say "I have way too many other obligations" or "I am retiring". For many sellers, these factors stand. However, for some, these may simply be justifications to attempt to hide the reality of altering demographics, increased competitors, recent decrease in earnings, or a range of other reasons. This is why it is really vital that you not rely totally on a vendor's word, yet instead, utilize the seller's answer in conjunction with your total due diligence. This will paint a more realistic picture of the business's existing situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous companies take out loans with the purpose of covering points like supplies, payroll, accounts payable, and so on. Keep in mind that sometimes this can indicate that profit margins are too tight. Many companies fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future obligations to think about. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with suppliers that need to be fulfilled or might cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area attract brand-new consumers? Most times, businesses have repeat customers, which develop the core of their everyday earnings. Certain factors such as new competition sprouting up around the location, roadway construction, and staff turn over can influence repeat clients and also negatively affect future profits. One crucial point to take into consideration is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Clearly, the more individuals that see the business on a regular basis, the higher the possibility to construct a returning customer base. A last idea is the general area demographics. Is the business located in a densely populated city, or is it located on the edge of town? How might the neighborhood average house income influence future revenue potential?