Asking Price: $40,000 Gross Revenue: $49,760Cash Flow: $15,622 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $3,500 included in asking priceFF&E: $7,077 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.
This is a turnkey Hair Salon with a well established 32 year presence in a prime downtown location in the City of Harrisburg. The Salon is currently operated by the Owner and 1 (one) part time employee. However, the Salon is fitted with 3 (three) styling chairs and 2 (two) shampoo chairs to easily accommodate additional Stylists. The Salon operates primarily by appointment but its location is ideal for walk-in business.
About the Business
Dauphin County, Pennsylvania
Number of Employees:
1 FT/1 PT
Located in a beautifully renovated historic building in a prime central location in the City of Harrisburg, there has been a Hair Salon in this location continuously for 90 years. The Salon is handicap accessible. The Salon sits in a storefront in a high foot traffic and vehicle traffic location. There are 3 (three) styling chairs, 3 (three) drying chairs and 2 (two) shampoo chairs. Washer and Dryer are on premises and included in sale. Public Transportation is accessible. Salon has an established website through which appointments can be set.
Just a handful of Hair Salons in downtown Harrisburg. Could also compete with Spas.
Growth & Expansion:
There is immediate growth opportunity by bringing in additional stylists to work the additional Styling Chairs. Currently only one Stylist works at a time. There is also immediate opportunity to expand hours of operation. And with some social media and advertising savvy, there is great potential to reach the thousands of State workers and passersby foot traffic. Adding spa, nail and barber services could be a huge potential for growth.
After 32 years in business, Seller is ready to retire.
Will train for 6 weeks @ $0 cost. New Owner should be licensed with the State of Pennsylvania as required to operate as a Hair Stylist and Salon Owner. Current services are cuts, color and styling for men and women. The Salon also sells hair products.
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