Beauty Supply Store: Rev $720K, Net $187K, SBA OK, at 220K+

Inglewood, CA (Los Angeles County)

Beauty Supply Store: Rev $720K, Net $187K, SBA OK, at 220K+
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Asking Price: $220,000

Cash Flow: $189,600

Gross Revenue: $720,000

EBITDA: N/A

FF&E: N/A

Inventory: $400,000*

Rent: $8,400 /Month

Established: 2001

*not included in asking price.

Beauty Supply Store: Rev $720K, Net $187K, SBA OK, at 220K+

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Business Description

Beauty supply store with no hair salon service. Reasonable price of $220,000, but additional $400K in Inventory. 18 years in business. Decent income. Free-stand bldg. Located in the center of city surrounded by more African-American and Hispanic neighbors. It's Turnkey. 2 owners work plus one full-time employee. Limited street parking, but a lof of foot traffics and nearby street parking help. See below for more:
• Monthly gross turnover is more than $60,000 or more
• Net income is anywhere between $14,500 and $16,000/m
• Margin averages 50%: Chemical gets 45% while accearies 55%
• Rent is $8,400 including NNN / CAM
• Store Sq. Ft is approx. 6100.
• Lease remains 1+5. Buyer can apply for a 5 year more option
• Open hours from 9 am to 7 pm Mon - Sat, and 10 am to 5 pm on Sun
• 1 full-time works and a couple of owners have alternate shift
• Sales taxes paid for are about $4,000/mo
• Street parking
• Commercial loan is available with a 50% down, including about $400,000 of inventory that must be thoroughly audited by an approved third party before closing.
• To get loan and lease approval, buyers must prove financial statement, 680+ FICO, sufficient down payment in the bank account seasoned more than 90 days and at least 2 years similar business experience or ownership of retailors
• For your prompt inquiry, online pdf. NDA is conveniently attached. Sign and resend
• For more information, email your inquiry at beeinvest.kim@gmail.com

Detailed Information

Location:
Inglewood, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
6,100
Lease Expiration:
4/30/2025
Employees:
1
Facilities:
Huge storage, Lg. Office space, Street retail
Competition:
There are more buauty supply stores
Growth & Expansion:
Adding online sales or SNS marketing the seller have never done.
Financing:
N/A. Possible SBA Loan
Support & Training:
2 weeks after closing
Reason for Selling:
Retirement
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(from currently available funds)
 
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Kevin Kim

Business Listed By:
Kevin Yong Kim

Bee Realty Group

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