Listing ID: 6596

Business Overview

Price Reduced!

What an opportunity to own and grow your own hair salon! This is a turn key business ready for new ownership. This Hair Salon was opened in 1992 & moved to their current location in 2001. They are open Tuesday – Saturday. Plenty of opportunity to grow. Their are currently 11 stations and 3 personal rooms. Currently there are 10 stations rented, one nail tech and one permanent makeup Stylist. Some of these stylist have been with the company for years. Inquire today about this Hair Salon!

Financial

  • Asking Price: $55,000
  • Cash Flow: $50,000
  • Gross Revenue: $185,000
  • EBITDA: $
  • FF&E: $70,000
  • Inventory: $10,000
  • Inventory Included: N/A
  • Established: 1992

Detailed Information

  • Building Square Footage:3,000 Sq Ft
  • Furniture, Fixtures and Equipment:$70,000
About The Facility:

Full Service Hair Salon, Nail Tech, Permanent Makeup and Day Spa.

Is Support & Training Included:

30 days of training

Purpose For Selling:

Seller is ready to s;ow down

Pros and Cons:

This is an upper end Salon that provides more than just haircuts.

Addition Info

The company was founded in 1992, making the business 28 years old.
The sale shall include inventory valued at $10,000, which is included in the suggested price.

Further more, Furniture, fixtures and equipment valued at $70,000 will be included in the asking price.
The company has 14 employees and resides in a building with approx. square footage of 3,000 sq ft.
The real estate is leased by the business for $4,145 /Month

3 Things to Consider When Researching companies for sale in Mobile County - Mobile, Alabama

a business is among the most significant choices you will make in your lifetime. Picking carefully can lead to tremendous monetary advantages for you, your loved ones, and your retirement. Nonetheless, in order to make a proper choice, you need to consider numerous points.|In order to make a correct decision, you need to take into consideration a number of things.} Below are 3 crucial items to think about prior to purchasing an organisation in Mobile County - Mobile, Alabama.

Why is the Current Owner Selling The Business?

{There are all sorts of reasons why people resolve to sell operating businesses. Nevertheless, the genuine reason vs the one they tell you might be 2 completely different things. For instance, they might claim "I have way too many other commitments" or "I am retiring". For many sellers, these reasons are valid. However, for some, these might simply be reasons to attempt to conceal the reality of altering demographics, increased competition, current reduction in revenues, or a range of various other reasons. This is why it is extremely crucial that you not rely totally on a seller's word, but rather, make use of the seller's answer in conjunction with your total due diligence. This will paint a much more sensible image of the business's current scenario.

Existing Debts and Future Obligations

If the existing entity is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your deal. Lots of operating businesses finance loans with the purpose of covering points such as stock, payroll, accounts payable, etc. Bear in mind that in some cases this can indicate that earnings margins are too tight. Many businesses fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future commitments to consider. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that need to be satisfied or might result in charges if canceled early.

Understand the Customer Base, Competition and Area Demographics

How do companies in the Mobile County - Mobile, Alabama area attract new clients? Often times, companies have repeat clients, which develop the core of their daily earnings. Particular elements such as new competition sprouting up around the area, road building, and personnel turn over can affect repeat clients as well as adversely influence future earnings. One essential point to take into consideration is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Obviously, the more people that see the business regularly, the better the opportunity to build a returning consumer base. A final thought is the basic location demographics. Is the business placed in a largely populated city, or is it situated on the edge of town? Exactly how might the regional average house income effect future revenue prospects?