Asking Price: $239,000 Gross Revenue: $283,015Cash Flow: $57,133 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $10,000 not included in asking priceFF&E: $35,000 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.
Prime location full-service beauty salon placed in one-of-the-most wealthy areas in the city is available for acquisition. This business was originally established by the current owner of the business over half a decade ago in 2012. Most the customers are upper-class women that live in the apartment buildings above the numerous high-end retail businesses surrounding this area and the densely populated residential neighborhoods. Net sales average was $250,000/year that has been consistent over the last several years of operation due to the amazing location of the business and online marketing that is done on a regular basis. Although some marketing is in place and the location of the business provides many advantages, other proactive marketing tactics can be fully utilized for this business to generate the most cash flow possible as well as increasing the customer acquisition rate by reaching out to the untapped areas within the city. Competition is expected for this type of business industry, but the competitor within the immediate market area lacks in quality of services and reasonable price points while also being established longer than the competition in the area. There are many ways to proactively market this business such as direct mailing, weekly specials, flyers, online booking, social media outlets and hiring management to manage the operation. The owner of the business currently works as a hair stylist while also managing the business full-time and can easily transfer the tasks to a new manager that can manage the business while the owner fully focuses on marketing the business. This business has everything in place for a potential buyer to proactively market the business while being fully involved in the day-to-day business operation.
Listing ID #000722
For more info, please call Stephen Lee at 1-866-519-2421.
About the Business
Number of Employees:
This business is located in a 3,000 SF mixed-use development that has immense traffic as it's the hub of many high-end retail businesses and the gathering area for many of the residents in the local area. All equipment is in impeccable condition and in working order.
Few competitors are within the immediate market area, but this business provides higher quality services at an affordable price point while also being established for a longer period of time compared to the competition.
Growth & Expansion:
Some marketing is in place for this business through online marketing, but other proactive marketing methods needs to be done to allow this business to achieve maximum income potential.
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