Business Overview

This is no exaggeration: we’ve sold a lot of salons and it doesn’t get any better than this. It is by far the best location, build-out, and business model that we’ve ever seen. Turn-key high-end salon, Headlines Hair Designers is for sale and is located right on a spectacular corner-space at 8740 Georgia Ave. in Silver Spring; gross sales at $800,000 +; spectacular visibility in the main business district; $100,000 + in inventory; $200,000 + in build-out; $200,000 + in equipment; hair stations; coloring stations; dryer stations; shampoo stations; changing room; kitchenette/break room; reception area; dispensary; private wax room; powder room; office; huge database of clients; non-disclosure agreement is required.

Financial

  • Asking Price: $324,900
  • Cash Flow: N/A
  • Gross Revenue: $800,000
  • EBITDA: N/A
  • FF&E: $200,000
  • Inventory: $200,000
  • Inventory Included: Yes
  • Established: 1900

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:10,000
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

styling stations with chairs, coloring stations, drying stations with chairs, heat processing lamps, shampoo chairs with foot lifts, waxing station and more.

Is Support & Training Included:

thirty days

Purpose For Selling:

Relocating

Additional Info

The company was started in 1900, making the business 122 years old.
The deal will include inventory valued at $200,000, which is included in the asking price.

The real estate is leased by the company for $4,500 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons why people resolve to sell businesses. Nonetheless, the genuine factor vs the one they say to you may be 2 completely different things. As an example, they might state "I have too many other commitments" or "I am retiring". For many sellers, these factors stand. But, for some, these might simply be reasons to try to conceal the reality of altering demographics, increased competition, recent reduction in earnings, or a range of various other reasons. This is why it is really important that you not count totally on a vendor's word, however rather, use the vendor's answer together with your overall due diligence. This will paint a more practical image of the business's present scenario.

Existing Debts and Future Obligations

If the current business is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your offer. Many companies borrow money with the purpose of covering items such as stock, payroll, accounts payable, and so on. Bear in mind that sometimes this can suggest that earnings margins are too small. Lots of organisations 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 consider. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that have to be fulfilled or may result in penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the area bring in new consumers? Many times, companies have repeat clients, which develop the core of their day-to-day profits. Specific factors such as new competitors growing up around the area, road building, and also personnel turnover can influence repeat consumers as well as negatively impact future profits. One crucial thing to think about is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Certainly, the more individuals that see the business often, the higher the opportunity to develop a returning consumer base. A final thought is the basic area demographics. Is the business situated in a largely populated city, or is it located on the outside border of town? Exactly how might the local typical family income influence future income prospects?