SELLER IS HIGHLY MOTIVATED !!! High end, Beautifully decorated Salon and Day Spa, with consistently high revenues. Salon has a large number of repeat customers. Offering a full line of Spa Services including Nails, Hair, & Facials. This is a great opportunity for a stylist with their own clientele, and looking to own their own salon. Seller and his Wife will remain as a Booth Renters which will guarantee that their clients will continue to use the salon, or will leave if the new owner prefers. Truly a Turn Key Operation.
About the Business
Number of Employees:
1,900 Square Feet, with total current rent of $5,800 per month, and a lease term till June 2017.
Standard Salon and Spa competition in the area.
Growth & Expansion:
Bring in additional stylists, along with doing more marketing and advertising.
Seller will give 2 - 4 Weeks of Training/Transition.
Ad Detail Views:
Asking Price: $99,900 Gross Revenue: $482,865Cash Flow: $115,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $5,000 included in asking priceFF&E: $60,000 included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
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. See our
full Terms & Conditions.