Asking Price: $295,000 Gross Revenue: $296,562Cash Flow: $121,835 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $10,000 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.
Well established threading and beauty salon with full services placed in the epicenter of a high-income city is available for acquisition. The inception of the business was several years ago in 2012 by the current owner of the business. General population of the local area has many upper-class individuals that live in the surrounding densely populated residential neighborhoods and ample walk-ins due to the numerous retail businesses which brings consistent traffic to the retail strip center. Net sales average was $290,000/year that has been consistent over the last several years of operation, but hasn’t utilized all sources of possible revenue. Marketing is currently done through social media outlets that bring some traffic to this business, but other sources of marketing needs to be utilized to generate more cash flow and allow this business to hit every revenue source. Any business within the beauty industry should expect some competition, but this salon has already established a customer base that is loyal to the salon since the inception of the business and is able to bring new customers with their reasonable price points compared to the competition. There are many ways to proactively market this business such as direct mailing, online booking, focus on specialty services, bundle services and hiring additional staff. Growing the current work force is crucial for this business as the current demand for services exceeds the manpower the business currently has in place. Once the workforce is expanded, there is much room for growth in sales as well as expansion of appointments and walk-in turnover. This business has everything in place for a potential buyer with industry experience to proactively market this business while being fully involved in the day-to-day business operations to grow the sales.
Listing ID #000781
For more info, please call Stephen Lee at 1-866-519-2421.
About the Business
Number of Employees:
This business is located in a 1,500 SF space of a retail strip center that is surrounded by densely populated residential neighborhoods. All equipment is in impeccable condition and in working order.
Few competitors are within the immediate market area, but this business competes by being established for a longer period than the competitors while also providing reasonable price points on their services.
Growth & Expansion:
Some marketing is done through social media outlets, but other proactive marketing tactics needs to be utilized for this business to generate more cash flow.
The information on this listing has been provided by either
the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
and assumes no responsibility for its accuracy, veracity, or completeness. See our
full Terms & Conditions.