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Beauty Supply & Salon/Esthetician Room - Absentee

CA

Beauty Supply & Salon/Esthetician Room - Absentee
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Asking Price: $165,000

Cash Flow: $94,193

Gross Revenue: $291,341

EBITDA: N/A

FF&E: $50,500

Inventory: $75,000

Rent: $2,715 /Month

Established: 2014

Beauty Supply & Salon/Esthetician Room - Absentee

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Business Description

This is a great opportunity to own your own upscale business located in a well-established shopping center just minutes from downtown shopping, City Hall, numerous restaurants, and wine tasting establishments! Over $100,000 has been invested in building out this very elegant establishment! An added bonus lies in the beautiful wineries within a short drive, established in a community which is arguably one of the best travel destinations in Northern California!

Only the highest quality professional products are sold in this store, including Bare Minerals,Joico, Nioxin, Renee Furterer, just to name a few. Net profit margin is 23%, and seller is continuing to grow the business!

Seller is very motivated - he only spends 1-day a week at the store. Onsite manager runs the retail section and occasionally assists with salon customers.

This would be an exceptional opportunity for anyone with a stylists license who is also looking to increase revenues through retail sales!

2017:
Revenues -$291,341
Cash Flow - $94,193
FF&E - $50,500
Inventory - $75,000
Gross Profit Margin - 59%

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,432
Lease Expiration:
5/15/2019
Employees:
1FT/2PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The store is located in a well-established strip mall and just blocks from the downtown shopping, restaurants, and wine tasting facilities which draw the visitors in from all over the world! The seller is continuing to grow the business even while only spending 5 hrs/week at the store.
Competition:
This store has no competition within the surrounding area, other than hair salons which do not provide the volume and diversity of products as they do.
Growth & Expansion:
The seller hasn't fully utilized the services section of the store, preferring to focus mainly on the retail. A new owner could achieve as much as $15,000 additional revenue on an annual basis if all 4 chairs were rented full-time, and by fully utilizing the esthetician room (currently rented part-time).
Financing:
Negotiable
Support & Training:
Sellers are willing to negotiate reasonable training to be included in the purchase price.
Reason for Selling:
Seller has another business to run.
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Sherry Fantozzi

Business Listed By:
Sherry Fantozzi

Business Sales, Mergers & Acquisitions, and Valuations

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Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.


Sponsoring Broker:
Ronald (Ron) C. Johnson, M&AMI, CBI, CBB

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