Beauty Care Products Manufacturer
Location: Pennsylvania > Philadelphia County > Philadelphia
Industry: Hair and Beauty > Other Hair and Beauty
Financials
Asking Price: $680,000
Gross Revenue: $1,900,000
Cash Flow: $100,000
Inventory: $191,000 (Included in Asking Price)
FF&E: $50,000 (Included in Asking Price)
Real Estate: $238,000 (Not Included in Asking Price)
Seller Financing: The offering price is $680,000 less the assumption of accounts payable valued at $230,000 on July 31, 2008, for an Enterprise Value of $450,000 cash.
Some seller financing may be available to a qualified buyer.
Business Summary
This company manufactures/blends professional hair and nail care products for the trade. Established in 1928 it is an integrated manufacturer, distributor and marketing business with a small, cohesive and stable team with a strong trade position in the Northeast U.S.
The company's products are daily necessities to the professional beautician for hair and nail care and are sold through wholesale beauty suppliers.
In addition to the asset sale the buyer will assume the accounts payable, for a net asset value of approximately $450,000 per the year to date financial statements.
All business assets will be valued at book and adjusted at closing.
The company's products are daily necessities to the professional beautician for hair and nail care and are sold through wholesale beauty suppliers.
In addition to the asset sale the buyer will assume the accounts payable, for a net asset value of approximately $450,000 per the year to date financial statements.
All business assets will be valued at book and adjusted at closing.
About the Business
Year Established: 1928
Employees: 8 full time - 2 part time
Facilities: Located in a free-standing building of 6600 square feet, the facility is on 3/4 acre in an industrial neighborhood convenient to Interstate 95 and the PA Turnpike. All manufacturing/blending equipment and office equipment is included in the sale.
Market Outlook and Competition: With an aging baby boomer population turing 50 years of age at a rate of 10,000 per day, and the fact that 52% of boomer women color their hair; plus the relatively low cost of hair and nail care at professional salons, this business will continue to see steady growth even through difficult economic periods. This company will generate approximately $ 2 million in revenue and 30% gross profits during fiscal year 2008.
About the Sale
Management Training and Support: Day-to-day operations are conducted by the staff which will minimize the amount of training required by the seller.
Reason For Selling: Retirement and lack of succession candidates within the business.
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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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