222457_BK Stylish Beauty Salon

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Profitable! Expandable! Established! Growth Potential!
Asking Price:
$35,000

Gross Revenue:
$315,000
Cash Flow:
$69,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed
included in asking price

FF&E:
$20,000
included in asking price

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Business Description

5-year old successful Beauty Salon located in a busy shopping center within a densely populated neighborhood.

About the Business

Year Established:
2013
Number of Employees:
3
Real Estate:
Leased
Building Sq. Ft.:
2,200
Lease Rate/Sq. Ft./Mo.:
$2,593.00
Facilities:
This unique beauty salon was opened five years ago when the owners came here from the Dominican Republic. They worked in a shop in Richmond for a while and were so successful they decided to open their own shop. They established loyal clientele and at had 5 technicians working. An unfortunate accident caused the shop to close for 3-months. Now the salon has been completely remodeled and the owner is in the process of rebuilding the client list and attracting new technicians.
Market Outlook/
Competition:
It is a great location, in a busy shopping center between a popular area restaurant and a busy women's clothing store. The salon is well decorated and very clean.
Growth & Expansion:
Owner has never advertised except on social media. The neighborhood is densely populated and advertising to the local area would improve traffic.
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About the Sale

Reason For Selling:
other interests
Training/Support:
2 weeks

Listing Info

ID:
1536646
Ad Detail Views:
507

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Business Listed by

Raj Prasad

Transworld Business Advisors of Richmond VA

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Sponsoring Broker:

Transworld Business Advisors CEO, Rupesh Bharad
Transworld Business Advisors of Richmond VA

U.S. Census Data for Richmond city County, VA
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Richmond city County, VA
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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