Business for Sale

Conejo Valley Beauty Supply

BizEx910-KF

Background

General Location:Agoura, CA
Category: Beauty & Barber Shops
Beauty Supplies
Years in Business:30
Under Present Owner:25
Hours of Operation:M_F 9-6:30 Sat 9-6 Sun 11-5
Owner Hours:drops by daily to place orders, almost absentee
Training:2 weeks @ 20 hours
Organization Type:
Lease Expiration:09/30/2017
Lease Options:
Building Size:950
Employees:3
Reason for Sale:Downsizing business involvment

Financials

Asking Price:$90,000
Down Payment:$90,000
Gross Sales:$230,000
Discretionary Cash Flow:$48,000
FF&E:$25,000
Inventory Included?
Inventory:$95,000
Min. Operating Capital:
Real Estate Available?No
Rent:$4,300
Financing:Call

Description

Business for sale is a well established retail beauty supply located in the Los Angeles suburb of the Conejo Valley. The current owner has had the business for twenty five years and has decided to sell to free up time for her other businesses. The business has essentially been run in a semi absentee fashion and would certainly benefit from a focused full time working owner. The numbers seen here represent a full time working owner and not an absentee situation. This business is basically a turn around situation that needs someone to step in as an owner operator and take advantage of what is in place. There is no website or ecommerce component to this business which if added could greatly improve the business for a new owner. There are three technician stations with one vacancy that could be filled by the new owner which would certainly allow for a more profitable venture. The business is priced to sell as the asking price is less than the value of the the fixed assets and the inventory at cost. For more information please go to www.bizex.net and register or you may call Kendric Foultz directly at 310-968-2369 for 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.

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Kendric Foultz, CBB
Business Broker
4551 Glencoe Ave., Suite 210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 102
Direct: (310) 968-2369
Lic#: 01376005