Asking Price: $199,997 Gross Revenue: $568,721Cash Flow: Not DisclosedEBITDA: Not DisclosedInventory: $50,000 included in asking priceFF&E: $200,000 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 is a rare opportunity to purchase a package of five top national hair care brand operating beauty salons at a discount. The salons offer a full range of hair care and cutting services for men, women and children. The concept is a full service hair salon with below competition pricing in high traffic locations. All the one-time start-up costs have been paid: franchise fee, tenant improvements and furniture, fixtures and equipment. A Regional Manager runs the day to day operations so that everything is set in place to create a successful manager-run hair salon. There is a $2,500 transfer fee per store.
About the Business
Number of Employees:
14 FT/4 PT
Each location includes $80,000 in leasehold improvements as well as furniture, fixtures and equipment. Detailed information will be furnished to qualified prospects. Rent is equal to 16% of sales per location.
Salon pricing is positioned to be lower than competition. Consequently, there is no direct competition with this in store salon concept. The closest would be salons in Mall settings, however, none have the foot traffic per location or the price point.
Growth & Expansion:
There is a great potential for growth and opportunity for an active owner to take a hands-on approach with marketing to establish each salon within their respective communities to build visibility of local ownership. Maximizing social media, online and email promotions and partnering with area organizations would boost visibility and revenues. In addition, there is future potential to add other franchise units to the group.
Business partners relocating, pursuing other interests.
Will train for 2 weeks @ $0 cost. The salons provide women's haircuts, men's haircuts, kid's haircuts, color service, perms, styling and waxing and selling popular branded hair products. The salon is staffed by professional hairstylists who meet vocational education, training and State Licensing requirements. Services are offered at lower than competition prices and strategically placed to serve that economic target market. The salon model is designed to be manager run. Currently a Regional Manager is in place who runs the day to day operation. A knowledge of basic accounting, management and marketing would a benefit. The new owner will attend the Regis training to learn the formula for success.
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
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