Asking Price: $360,000 Gross Revenue: $276,000Cash Flow: $120,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: $350,000 included in asking priceShare 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.
This is a newly built salon suites in one of the busiest areas of Plano - the demographics are ideal for this business! The salon contains 23 suites of varying sizes - all for rental direct to independent operators. A few tenants are already in place, with much capacity to fill. The business currently generates ~$10K per month of rental revenue. At current advertised rates, the salon would generate in the range of $25K of monthly gross revenue when full capacity is achieved. The initial proforma calls for about $120K of annual net profit at that level!
This is a great opportunity for someone that was/is considering building a salon suites business from scratch - all the hard work of construction oversight is done! The finish out and furnishings are top notch. Seller has decided to sell and reduce workload, although may be willing to stay as a tenant as well.
10 year lease on the 4,800 square foot space!
Asking price for complete salon as is $360K. Seller may be willing to provide limited financing for a qualified buyer.
For more information about this excellent opportunity email firstname.lastname@example.org
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