Very Profitable Beauty Supply!!!
Hair and Beauty - Hair and Beauty Retail and Distrib. | Hair and Beauty - Beauty Salons and Barber Shops
| Asking Price: | $180,000 | Inventory: | $200,000 ++ |
| Gross Revenue: | $360,000 | Real Estate: | n/a |
| Cash Flow: | $102,000 (comments below) | FF&E: | $30,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Cash Flow Comments: sometimes more | |||
This is a beauty supply business located in a south Memphis neighborhood. The owner started this business six years ago when he leased the space of a former Super D drug store. The size of the building is 5,000 square feet. Owner states that he buys inventory from six wholesalers and his overall profit margin is 40%.
The store is open six days per week, Monday thru Saturday from 9am to 7pm. The owner states that he is netting between $7,000 and $8,000 per month after his monthly expenses are paid and that he is selling because he is tired and ready to retire.
Average Monthly Expenses:
Rent: 1500
Utilities: 400
Insurance: 180
Wages: 1290
Alarm: 90
Telephone: 75
Total Purchase Price: 180,000 with a down payment of 90,000 and a note of 90,000 @8% interest for 60 months payable @$1837 per month.
The store is open six days per week, Monday thru Saturday from 9am to 7pm. The owner states that he is netting between $7,000 and $8,000 per month after his monthly expenses are paid and that he is selling because he is tired and ready to retire.
Average Monthly Expenses:
Rent: 1500
Utilities: 400
Insurance: 180
Wages: 1290
Alarm: 90
Telephone: 75
Total Purchase Price: 180,000 with a down payment of 90,000 and a note of 90,000 @8% interest for 60 months payable @$1837 per month.
About the Business
Year Established:2003
Employees:1 full time - 0 part time
About the Sale
Management Training and Support:Seller will train new owner for a mutually agreed upon period of time.
Reason For Selling:Retirement
Seller Financing:: 180,000 with a down payment of 90,000 and a note of 90,000 @8% interest for 60 months payable @$1837 per month.
KEYWORDS: : beauty supply, retail, retail store, beauty salon, profitable, cosmetics, female, women’s store, clothing store, women’s clothing, fashion, fashion store, fashion shop, hair salon
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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