Asking Price: $47,500 Gross Revenue: Not DisclosedCash Flow: Not DisclosedEBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed 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.
Beautiful designed Salon with a natural ambiance and window frontage to Cabot Street and its downtown beat. This salon boosts three stylist stations with the potential to add another. The Shampoo Bar has two sinks and built in storage space for towels, product, and laundry. It also has a treatment room in the back that currently occupies the owner of the salon who is an esthetician. The esthetics equipment is not a part of the salon sale but the esthetician would like to stay with hopes of renting the esthetics room. This is a well-designed 600 square foot salon with basement space available for expansion. The potential to pay less than the current market value for a single chair rental along with income generated from the other two chairs and the esthetics room makes this the perfect opportunity for a stylist entrepreneur. The low overhead and cost of doing business allows for a no stress business opportunity.
About the Business
Essex County, Massachusetts
Number of Employees:
Building Sq. Ft.:
$850.00 Per Month
This 600 square foot salon includes the cost of the build-out of a new salon, fixtures, furniture, product, supplies, clientele names and address of 1300 guest of the salon. There is a newly transferable 5-year lease with option to renew. Parking is available on street and also there is a parking lot that sits to the rear of the building.
Beverly has other salons as most towns do, however Beverly is currently growing in leaps and bounds in the development of residential buildings which has increased the influx of potential business growth. This has become a destination town for locals and visitors alike. With the support of the organization “Beverly Main Streets” The downtown of Beverly is always bustling with theater goers, restaurants, shoppers, and sight seers.
Growth & Expansion:
The salon has the potential for growth with the added unfinished space in the basement. There is the possibility for spa services, retail, nail salon space, etc. There is also space on the main floor where an additional styling station could be added and currently a make-up bar which could create the opportunity for the bridal business.
The current salon owner would like the opportunity to rent her current work space to continue providing all esthetics needs. She would be happy to provide whatever help the new owner needs through this transition.
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.