222457_BK Stylish Beauty Salon

Richmond City County, VA

222457_BK Stylish Beauty Salon
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Asking Price: Get Financing: $35,000

Cash Flow: $69,000

Gross Revenue: $315,000

EBITDA: N/A

FF&E: $20,000

Inventory: N/A

Lease Rate: $2,593 /SF/Month

Established: 2013

222457_BK Stylish Beauty Salon

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Business Description

Profitable! Expandable! Established! Growth Potential!

5-year old successful Beauty Salon located in a busy shopping center within a densely populated neighborhood.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,200
Lease Expiration:
N/A
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This unique beauty salon was opened five years ago when the owners came here from the Dominican Republic. They worked in a shop in Richmond for a while and were so successful they decided to open their own shop. They established loyal clientele and at had 5 technicians working. An unfortunate accident caused the shop to close for 3-months. Now the salon has been completely remodeled and the owner is in the process of rebuilding the client list and attracting new technicians.
Competition:
It is a great location, in a busy shopping center between a popular area restaurant and a busy women's clothing store. The salon is well decorated and very clean.
Growth & Expansion:
Owner has never advertised except on social media. The neighborhood is densely populated and advertising to the local area would improve traffic.
Support & Training:
2 weeks
Reason for Selling:
other interests
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Contact the Seller

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Raj Prasad

Business Listed By:
Raj Prasad

Transworld Business Advisors of Richmond VA

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Sponsoring Broker:
Transworld Business Advisors CEO, Rupesh Bharad

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