Asking Price: $65,000 Gross Revenue: $225,000Cash Flow: Not DisclosedEBITDA: Not DisclosedInventory: Not Disclosed FF&E: $60,000 included in asking priceShare 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.
Fantastic Sams franchise in east county San Diego - recently remodeled. Well known franchise that specializes in services for all - women, men and children.
Great opportunity to own a remodeled salon - staffed operation - for much less than a new franchise.
Perfect for a hands on owner or semi-absentee. Possible
for an E2 visa candidate.
Salon includes - new kitchen and rest room, 8 stylist stations, 3 wash stations, POS System (Super Salon), newly renovated and new furniture and fixtures.
About the Business
San Diego County, California
Number of Employees:
Building Sq. Ft.:
$4,250.00 Per Month
Operated as a Fantastic Sames for over 20 years. Has been in its current location since 2014. Previously it was located across the street. Current owner has operated the business for less than one year and is selling due to relocating out of state.
The current owners have an established full service hair salon business with over 20+ years history. The salon was operated by the previous owner for the past 5 years. The salon was neglected and mismanaged and finally she abandoned the shop. Because of the mishandled behavior of the previous owners, there was no structure, no management, there was a high turnover in hair stylists, the overall look and areas of the salon was not up to State Board Standards, which resulted in customers not returning and customers posting negative comments on social media. Upon acquiring the salon the new owners recognized these issues, and immediately addressed them with the initial cleanup of the entire shop including gutting out the kitchen and bathroom, painting the entire salon, bought new furniture and fixtures and hired a whole new team. An entirely new makeover which shines beautifully. They are proud of the salon and the hard work put into it and the new customers, some returning customers, and the wonderful comments received! Hair Salon in convenient and popular retail area. Many restaurants nearby make for good foot traffic and walk ins.
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