Asking Price: $182,500 Gross Revenue: $1,092,222Cash Flow: $113,084 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $10,000 not included in asking priceFF&E: $241,269 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.
This award winning hair and spa salon has maintained its excellent reputation and fantastic services for nearly 20 years. The Business is conveniently located in a high traffic area in a desirable Chicago suburb. The salon consistently makes over $1mm in annual revenues.
This business has been recognized numerous times over the past 10 years for its service levels and offers a total Salon experience for customers including Hair, Nails, Waxing, Facial Treatments, Skin Care and Massage. It’s truly a one stop destination for all its clients' unique and personal beauty needs. The Salon also does styling for bridal parties and other formal events and many of its stylists have been asked to participate in beauty shows and competitions.
The Company employs a full staff of Stylists, Nail Techs, Massage Therapists, Aestheticians and Front Desk Support. The Owner/Operator is active with hiring, scheduling, payroll and accounting and will offer a full training and transition for the new owner.
Interested buyers are required to execute an electronic NDA prior to the disclosure of the name and location of the Company. Please call Jim Peddle.
About the Business
Number of Employees:
Building Sq. Ft.:
The Company operates out of a single 3,000+ sq./ft facility that includes a full-service hair salon, single rooms for massage therapy, and a shampoo station. The property is located in a shopping center and leased by a third-party landlord. The lease has been renewed for 2019.
The Company has several direct competitors in the form of other beauty salons and spas in the Greater Chicago area. However, unlike its competitors, it has received numerous awards and its nail technicians and stylists have also been asked to participate in beauty shows and competitions.
Growth & Expansion:
The majority of the Company's new customers find the business through its website and customer referrals. Most of its customers are from its neighborhood but thanks to its excellent reviews its customer base has expanded to the Northern Suburbs. The company website has an up to date list of all the services the Company offers and the prices for each.
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