Quaint Salon and Spa in Vienna, VA. Current owner is the only employee, however she rents out 3 Rooms to others. Offering Hair, Facials, and Massage. Current owner will stay and Rent the 4th available room from the new owner. Total monthly rents collected with the current owner's rent would be $4,180 per month. This would easily cover the Rent and Utilities with a little left over. This is the perfect situation for a Stylist with their own clientele looking to be they're own boss. With the Rents collected it would allow a new owner to keep every dollar earned from their own work. The $108,000 Gross Revenues is the amount the current owner generated from her own efforts/clients. The cash flow of $6,000 is the annual amount after paying the Rent and Utilities from the total Rent for rooms collected.
About the Business
Building Sq. Ft.:
$3,193.67 Per Month
2,200 Square Feet, with total current monthly rent of $3,193, and a Lease Term of One Year.
Standard Salon and Spa competition in the area.
Growth & Expansion:
Building your own clientele along with doing more marketing and advertising to let everyone know you are there.
Doesn't want to own, wants to be Part Time Stylist.
Seller will give 2 weeks of Training/Transition if needed.
Ad Detail Views:
Asking Price: $55,000 Gross Revenue: $108,000Cash Flow: $6,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: $9,000 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.
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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
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