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Beauty Salon/Terrific Location, MAKE AN OFFER

Leesburg, VA (Loudoun County)

Seller Financing Available
Beauty Salon/Terrific Location, MAKE AN OFFER
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Asking Price: $59,000

Cash Flow: $51,264

Gross Revenue: $295,000

EBITDA: N/A

FF&E: $200,000

Inventory: $3,000*

Rent: $3,950 /Month

Established: 2011

*not included in asking price.

Beauty Salon/Terrific Location, MAKE AN OFFER

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Business Description

Original build out cost was over $200, 000; it is a well-built and -designed salon. It has 6 cutting stations, 2 shampoo stations, one dryer. Seller would consider some owner financing to a qualified buyer. Seller is also willing to stay on long term as a stylist. This is a terrific salon in a great location but seller wants to sell ASAP. MAKE AN OFFER!!

Detailed Information

Location:
Leesburg, VA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
904
Lease Expiration:
10/1/2019
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Very well-established and successful salon, located in a GREAT location in the Leesburg area. Seller spent over $225, 000 on the original build-out, most fixtures, furniture, are all custom designed and ordered. New owner would need to do almost nothing as far as any improvements. Rent is $3, 935/month, including NNN.
Competition:
Location holds within the lease, some exclusivity as to competition. As stated above, it's a terrific location. It has everything; offices, homes, apartments, retail stores, lots of walk-by traffic.
Growth & Expansion:
Certainly room to grow, as far as monthly volume of business. A new owner with experience could certainly do better
Financing:
Yes, to be determined
Support & Training:
Seller is very, very flexible here. She's willing to stay on for a few weeks, for customer introductions, etc. and/or she is willing to 'rent a chair' on a monthly basis, and would continue to work 1-2 days a week, cutting her customers' hair at a profit split that would be negotiated with the new owner. Seller is very confident that the 3 existing stylists would stay.
Reason for Selling:
After 9 years, would like to take a break!!!
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Mike Saedlo

Business Listed By:
Mike Saedlo

Mike Saedlo Group, LLC

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