Asking Price: $240,000 Gross Revenue: $338,869Cash Flow: $146,060 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $15,000 included in asking priceFF&E: $50,000 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 salon has been in business for 35 years and is still owned and operated by the founder. It still resides at its original location which is a heavily traveled road in a well populated suburban location. The salon provides hair styling, waxing, facials, eyelashes, etc. but 90%+ of their business is hair replacement. They also have a state of the art process related to hair replacement coming that is expected to significantly increase revenue. It is a perfect fit for someone looking to open a profitable salon with an excellent reputation in a niche market or a current salon owner that would like to add another location and/or diversify their services. This salon is established, stable and very well managed. If in the market for a salon, this is a must see.
About the Business
Number of Employees:
The salon is operated in an attractive stand alone facility on a road with an extremely high traffic count. Ample parking is available and a brand new electronic scrolling sign draws extraordinary attention to the business.
Competition in the core business of hair replacement is extremely limited. They have customers that travel 60 to 100+ miles for their services due to their reputation of exceptional knowledge in the hair replacement business.
Growth & Expansion:
This salon definitely has significant growth potential, not only expanding hair replacement services, but also by advertising and promoting the additional services offered. Also, the salon could open six days per week versus five and stay open beyond 6pm.
Will train for 6 weeks @ $0 cost. A cosmetology license is required. The salons core business is focused on hair replacement services, however other services provided are hair styling, facials, waxing and eyelashes.
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