Absentee Owner-Fantastic Sams Hair Salon

Los Angeles County, CA

Absentee Owner-Fantastic Sams Hair Salon

Asking Price:$90,000

Cash Flow:$31,093

Gross Revenue:$289,102

EBITDA:N/A

FF&E:$35,000

Inventory:$5,000

Lease Rate:N/A /SF

Established:2014

Absentee Owner-Fantastic Sams Hair Salon

Get Financing Save Print Share Valuation Report

Business Description

A Fantastic ROI as an Absentee Owner

A Fantastic opportunity to earn over 35% Return on Investment (ROI) on this business purchase as an absentee owner! Both the revenue and net cash flow can significantly be improved with a some management involvement initially. If you have a license and wish to operate one of the chairs, then your income could potentially be in the 6 figures!

2016 discretionary earning was at about $31,000 as an absentee owner!

This store is located in a prime and growing retail shopping center in Northeast LA County. To start a Fantastic Sam’s will cost you over $150,000 in addition to lost opportunity to complete build-out and build a customer base (6 months to 1 year). You get to own this operational location at 40% discounted price while generating cash flow from day one!

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,050
Lease Expiration:
N/A
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This Fantastic Sams location has been in business for 22 months, and has been profitable since opening
Growth & Expansion:
The potential for growth in this business is significant. The current facility has 9 stations. Currently there are stylists utilizing 3 to 5 of the stations at a time between weekdays and weekends. The staff are all W2 employees. The owner is absentee, spending around 1 – 2 hours per week at the salon. A working owner/stylist would significantly increase revenue and income. Further significant improvement to the bottom line can be achieved by actively managing working hours of the employees.
Support & Training:
2 weeks
Reason for Selling:
other business opportunities

Listing Statistics for Premium Members

Ad#:1261996 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.

Contact the Seller

Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Matt Manavi

Business Listed By:
Matt Manavi

Transworld Business Advisors of Orange

Show Phone Number

View My Listings

Find out more...

Get more details about this business.


Similar Listings


Scout & Molly’s Boutique

Franchise Opportunity
Capital Required: $225,000