Asking Price: $279,000 Gross Revenue: $743,064Cash Flow: $167,325 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $15,000 included in asking priceFF&E: $40,000 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.
Luxurious nail salon rated as one-of-the-best manicure and pedicure salon in the county is available for acquisition. This business was originally established by the current owner of the business several years back in 2014. Most of the customers are middle-class to upper-class women that attend the local college in the area as well as individuals that live in the surrounding densely populated residential neighborhoods. Sales average is approximately between $$825,000-850,000/year that has been steadily increasing since the inception of the business with some marketing on their business website. Although some marketing is in place through their website and coupons, other proactive marketing methods needs to be utilized to achieve maximum income capacity as well as growing the customer base with individuals outside the immediate market area. Competition is always expected for any business within the beauty industry, but this business has gorgeously built their interior to give a luxurious atmosphere while also providing high-quality services that match the business concept. There are many ways to proactively market this business such as direct mailing, social media outlets, loyalty program, contact local colleges, flyers and online booking services. Due to the large percentage of customers being walk-in, providing a method of booking through their website will allow for busy individuals especially students to plan services needed on a weekly basis. This business has everything in place for a potential buyer to proactively market this business while being fully involved in the day-to-day business operation.
Listing ID #000758
For more info, please call Kevin Chung at 1-866-519-2421.
About the Business
Number of Employees:
This business is located in a 2,200 SF retail strip center placed next to a main street surrounded by numerous retail businesses and restaurants. All equipment is in impeccable condition and in working order.
Few competitors are within the immediate market area, but each competitor can't compare to the quality of services as well as the luxurious interior that this business has built since inception.
Growth & Expansion:
There is no proactive marketing done other than the business website.
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