BizEx258-JR: Internet beauty supply co.

Background:

General Location:Los Angeles, CA
Category:Internet > Consumer Services (B2C)
Retail > Miscellaneous Retail
Years in Business:51
Under Present Owner:25
Hours of Operation: 6days/week 9am -5pm
Owner Hours: 80hrs/week
Training:2 weeks
Organization Type:Sole Proprietor
Lease Expiration:N/A
Lease Options:No lease expiration or option
Building Size:2,200 sqft
Employees: 1 employee F/T

Reason for Sale:
Retirement

Financials

Asking Price:$1,400,000
Down Payment:Negotiable
Gross Sales:$1,436,377
Discretionary Cash Flow:$262,066
FF&E:$ 25,600
Inventory Included?No
Inventory:$ 185,000
Minimum Operating Capital:$ 185,000
Real Estate Available?No
Real Estate Asking Price:$ 0
Rent:$ 3,440/month
Payroll:$ 1920/month
Financing:Call

200720082009
Gross Sales$2,164,581$2,062,934$1,436,377
Gross Profit$743,812$697,220$461,077
Disc. Earnings$477,966$451,476$262,066

* YTD as of , ** = Prorated.

Broker Info


Jimmy Ramos
Business Broker
(310) 882-2200 ext 120
LIC# 01861533
John DeGolyer
Business Broker
(310) 882-2200 ext 109
LIC# 01859016
Michael S. Davidson
Business Broker
(310) 882-2200 ext 101
LIC# 01257681

Summary

Business for sale is an online and retail Beauty supply company located in Beverly Hills. This Beauty supply company has been in business at this location for 51 years making it the oldest beauty supply company in the country. The present owner has been in business for over 25 years. In 1997, they started distributing their products online around the world which has improved their profits considerably. The store front is located in a high traffic volume boulevard with good frontage and acts as a warehouse for their products. The owner and her husband operate the business with one other employee. The reason for selling is that the owner is ready to retire. The ideal new owner would be one with strong online marketing skills and experience . For more information, please go to www.bizex.net and register as a buyer and then contact Jimmy Ramos at 310-882-2200 ext.120 for more details.


More Details

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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.