Asking Price: $200,000 Gross Revenue: $362,790Cash Flow: $62,240 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $5,000 included in asking priceFF&E: $30,000 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.
Unique hair salon placed in the historic area of the high-end city is available for acquisition. This business was originally established by the current owner of the business over a decade ago in 2004. Most of the customers are upper-class individuals commuting back to their residence in the peak traffic hours through the local roads and residents that live in the nearby densely populated residential neighborhoods. Net sales average was $400,000/year that has been consistent over the last several years of operation with online marketing in place and word of mouth. Although the only marketing campaign done is through online marketing, other proactive marketing tactics can be fully exercised to maximize the income potential of this business while growing the current customer base. Competition is usually expected for any business within the beauty industry, but this business has no true competitor within the immediate market area that has the same concept locally. There are many ways to proactively market this business such as direct mailing, first customer special, flyers, bundle deals, social media outlets and full-time owner involvement. An owner-operator will be extremely beneficial to this business as it will bring work quality and customer services up-to-top standard while the owner is delegating tasks. 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 #000756
For more info, please call Stephen Lee at 1-866-519-2421.
About the Business
Number of Employees:
This business is located in a 998 SF retail strip center placed next to a historic area that brings traffic to the area on a consistent basis. All equipment is in impeccable condition and in working order.
There is no true competitor within the immediate market area of this business.
Growth & Expansion:
Some marketing is done online to grow the business, but other proactive marketing methods needs to be utilized to generate more cash flow.
Long Est Unique Hair Salon in Prime Location with Med Spa
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