Asking Price: $199,999 Gross Revenue: $561,874Cash Flow: $147,283 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $10,000 included in asking priceFF&E: $100,000 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.
Upscale Salon in High Traffic Downtown Location BTI # 8617
Upscale salon in high traffic area of affluent community. The Salon provides full service with full and part time artists. Front desk has full time manager and part-time assistant. Parking is free on the street and in separate downtown parking structure. The owner subject to negotiations would stay as a manager or commission stylist @ 50% w/a minimum of $200 per week in retail sales otherwise 45% or rent a chair @ 275 per week. Sales have increased over the past three years.
Sales $561,874 Net Income $147,283 From FTR 1040 Schedule C for 12 mos 2018
Purchase Price $199,999 Down Payment $199,999 includes $10,000 Inventory
Rent $13,681 per month w/NNN
Expires 9/30/2020 w/One Option for 3 years 2,631 sq. ft.
Employees: 3 FT 3 PT Owner: 1 FT 0 PT
Reason For Sale: Retirement
Hours: Mon & Fri 10/6 Tues 10/8 Weds 11/7 Thurs 11/9 Sat 9/4 Closed Sun
About the Business
Santa Clara County, California
Number of Employees:
Building Sq. Ft.:
$13,681.00 Per Month
Leased facility includes blow dry bar, 14 stylist stations, nail station, eyelash extension station, break room, restroom in high traffic corner unit location in busy walking area of great downtown area. Street parking is free and additional free parking garage is steps away from front door.
Growth & Expansion:
There are 6 paid employees (3 FT and 3 PT). There are also 8 FT and 2 PT independent contractors. There is room for additional stylists and cosmetology licensees in the salon.
Upscale Salon in High Traffic Location Nets 147,283
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