Asking Price: $99,000 Gross Revenue: $97,200Cash Flow: $58,750 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: $12,000 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.
PRICE REDUCED - Motivated Seller
Attention Hair Stylists who have been dreaming of your own salon near the beach. This fantastic location in Redondo, is just 2 blocks from the ocean. Lots of parking in a high-traffic shopping plaza off major highway, in this higher income, demographic location.
4 Long-term renters provide a stable monthly income that covers most all business expenses, allowing you to keep nearly all of your client service fees in your pocket! There are 2 more chairs currently available that can be rented, and there is room for an additional station that could be added.
The opportunity for a stylist to do very well financially is evidenced by the fact that 2 of the current renters currently gross more than $10,000 month for their stylist services, with lots of long-term repeating clients!
A good landlord and available lease terms at a great monthly lease rate, make this a fantastic opportunity that you should not pass up.
About the Business
Los Angeles County, California
Building Sq. Ft.:
$2,577.00 Per Month
Current owner is retiring after 35 years in the salon business in the area and has clients who could be transitioned to help new owner build their client base
Growth & Expansion:
A working stylist effectively keeps all of their client service earnings as the overhead for the salon is paid via the chair rentals. There are 2 additional existing stations that can be rented, and room for a third to be installed. 3 additional chair rentals adds 2400 per month minimum to rental income ($28,800 annual).
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.