40 Year Established Business for Sale

Louisville, KY (Jefferson County)

40 Year Established Business for Sale
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Asking Price: Get Financing: $59,000

Cash Flow: $40,000

Gross Revenue: $185,000

EBITDA: $50,000

FF&E: $25,000

Inventory: $12,000

Lease Rate: $17.84 /SF/Year

Established: 1978

40 Year Established Business for Sale

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Business Description

40 Year Established Business for Sale

Beauty Salon/Barber Salon is a great fit for the right Hairstylist or business savvy person that wants to be their own boss. I would love to pass the salon to the right person. This would be a perfect fit for an owner/operator stylist. The salon is located in a busy part of Eastern Jefferson County, easily accessible from all the main interstates. I have personally worked at this location for over twenty five years. I am approaching retirement age in the distant future. It is now time for a young energetic person to be in the drivers seat. It would be great to stay on to bridge the transition to the new owner. I would also be open to the new owner renting from me to get a true feel and climate of the business. The salon is nearly full of great people paying weekly rent ranging from $205 - $350. The salon does a nice retail business of professional beauty products, (hair products & make-up). Please only serious business inquiries.

Attached Documents


Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,425
Lease Expiration:
N/A
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Salon is located in a nice retail shopping center. Lots of improvements to salon, equipment, decor and retail supplies. The good will of this existing business being located in the same shopping center for 40 years is priceless!
Competition:
Long term established clientele. We are located right down the sidewalk from Kroger and lots of great restaurants.
Growth & Expansion:
There is some room for growth. The monthly rent is reasonable. The nail business could be grown with more nail technicians.
Financing:
Owner would consider partial financing period.
Support & Training:
Current owner would gladly stay on for an extended time to support, train and mentor the new owner.
Reason for Selling:
Current owner wants more time to travel to educate other salon professionals!
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Business Listed By:
Charles Robinson

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