Asking Price: $260,000 Gross Revenue: $311,000Cash Flow: $114,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $32,000 included in asking priceFF&E: $176,000 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.
This well-established company is one of the largest individually owned Salon and Spas on the front range with over 5000 square feet of space in the perfect retail location. Their service offering includes complete hair care services, nail services, massage, esthetician services, and an extensive selection of retail beauty products. As is typical in the Salon & Spa industry they operate as a Booth Rent facility with the stylists renting stations and working as contractors. The company has only three part time front desk personnel. Current ownership has invested heavily in the buildout of the facility and offers a new owner the opportunity of a proven revenue stream without the huge expense of building out a facility from scratch.
About the Business
Number of Employees:
The Salon is in a high traffic, extremely affluent neighborhood facing a major thoroughfare. The space is leased with a 5-year renewal due in early 2020. This is truly a turn key opportunity with everything included necessary to run the salon and spa.
Current ownership does not view any true competitor in the immediate area that has the facility to offer the wide range of services that they do. They have remained competitive by focusing on their strengths. Ownership supports their booth renters with numerous amenities.
Growth & Expansion:
Given the demographics of the area and explosive growth of the immediate business community, the outlook for this simple business’s services is bright. New ownership that has the marketing savvy to implement an internet-based marketing plan that leverages social media and off the shelf software has a tremendous opportunity to take this company to the next level.
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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
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