Job Transfer Must Sell-Two Branded Salons with positive cash flow

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Asking Price:
$17,500

Gross Revenue:
$270,689
Cash Flow:
$20,800
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$8,100
included in asking price

FF&E:
$40,100
included in asking price

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Business Description

The two branded hair salons are in the Henrico County, VA area located in high traffic retail centers.
Salon #1 opened 12 years ago has steady sales operates with 5 stylists and has 6 stations. The salon is absentee owned and manager operated.
Salon #2 opened in 2006 currently has 8 stations and 5 stylists and has shown a steady sales increase the last three year’s this salon is also manager operated. For the 1st Quarter of 2018 this salon had a 3% sales increase.
The combined 2017 cash flow for these two salons is $20,800. Their is $10,000 of market money available for these two salons.
With the current sales at salon #2 and the potential at salon #1 plus $10,00 in marketing funds this is a great opportunity to get in at a great price.

About the Business

Year Established:
2006
Number of Employees:
10
Relocatable:
Yes
Franchise:
Yes
Real Estate:
Leased
Building Sq. Ft.:
1,100
Rent:
$2,433.00 Per Month
Facilities:
Both locations are in busy retail centers with great road visible and reasonable rents
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About the Sale

Reason For Selling:
Job Relocation
Training/Support:
Will come from Corporate staff for the buyers

Listing Info

ID:
1526083
Ad Detail Views:
447

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$
months
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Business Listed by
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Sponsoring Broker:

John Allen Dees
sbdees

U.S. Census Data for Henrico County, VA
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Henrico County, VA
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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