Services > Beauty & Barber Shops Services > Other Personal Services
Years in Business:
5
Under Present Owner:
5
Hours of Operation:
Tues-Sat. 10-7
Owner Hours:
varies
Training:
weeks, hours/week
Organization Type:
Sole Proprietor
Lease Expiration:
2014
Lease Options:
3 year option
Building Size:
985 sqft
Employees:
0 FT; 0 PT
Reason for Sale:
seller is pursuing other opportunities
Financials
Asking Price:
$100,000
Down Payment:
Negotiable
Gross Sales:
$173,388
Discretionary Cash Flow:
$132,041
FF&E:
$ 40,000
Inventory Included?
Yes
Inventory:
$5000
Minimum Operating Capital:
$ 0
Real Estate Available?
No
Real Estate Asking Price:
$ 0
Rent:
$ 1,800/month
Payroll:
$ 0/month
Financing:
Call
2009
2008
2007
Gross Sales
$173,388
$195,532
$204,289
Gross Profit
Disc. Earnings
$132,041
$151,475
$112,267
* YTD as of , ** = Prorated.
Broker Info
Dan Munter
Business Broker
(310) 882-2200 ext 121
LIC# 01871136
Summary
This hair salon located in Santa Monica has several features that will allow a new owner to take over and be successful from day 1.
First, it is located across the street from a very large business park. The Salon gets many walk-ins and returning clients that find its location to be very convenient.
Second, the Salon has 6 chairs. She is currently renting 2 of the 6 chairs for $1000/month. She recently renegotiated the rent with the landlord to $1800/month. This arrangement gives the salon a positive cash flow without the owner having to service her clients or sell product.
Third, the Salon has accomplished the current level of sales and profit without doing any marketing. A new owner could increase revenues with fliers and coupons to the business park and neighbors.
And finally, it has a stellar reputation. There are plenty of glowing reviews on sites such as Yelp.com to verify this.
Interested parties should register as a buyer on line at www.bizex.net and call Dan Munter at 310-882-2200 ext. 121 for more details of this exciting opportunity.
DISCLAIMER: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its
accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting
interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.
