High End Salon in Triangle area of Washington DC

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Business Description

Beautiful Full Service High End Salon located in the Triangle area of Washington DC. Well known and highly respected salon offering a full range of products and services. Nice Cash Flow makes this a very attractive opportunity for the right buyer. Current owner is ready to Retire and has priced this business to sell. Don't miss this one, CHECK IT OUT !!!!!!!

About the Business

Location:
Washington, Washington DC
Year Established:
2013
Number of Employees:
6 FT, 6 PT
Real Estate:
Leased
Building Sq. Ft.:
2,300
Rent:
$14,599.25 Per Month
Lease Expiration:
12/31/2024
Facilities:
2,300 Square Feet, with Total Monthly Rent of $14,600, and a Lease Term of 6 1/2 Years, and One 5 Year Option.
Market Outlook/
Competition:
Standard Salon Competition in the area.
Growth & Expansion:
Adding additional employees, and doing more Marketing and Advertising.
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About the Sale

Reason For Selling:
Retirement
Training/Support:
Seller will give 2 - 4 weeks of Training/Transition.
Seller Financing:
Negotiable

Listing Info

ID:
1532033
Ad Detail Views:
898
Asking Price:
$198,000

Gross Revenue:
$720,000
Cash Flow:
$80,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$20,001
not included in asking price

FF&E:
$50,001
included in asking price

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Business Listed by

Gary Steven Russell

G. S. Russell Business Brokers and Advis

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