Established Business For Sale

Jenison, MI (Ottawa County)

Seller Financing Available
Established Business For Sale
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Asking Price: $350,000

Cash Flow: N/A

Gross Revenue: $325,000

EBITDA: $125,000

FF&E: $200,000

Inventory: $5,000

Rent: $4,500 /Month

Established: 2004

Established Business For Sale

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Business Description

Buy this turn-key, fully-equipped retail/service franchise with increasing sales and market share!! Close to a large college, and with several smaller competitors leaving the market over the last few years, legitimate opportunity for growth awaits! Based on 2019’s first quarter and historic revenues in place since 2004, 2019 Gross Revenues are expected to reach $325,000 and are trending upwards from recent years. An Owner Operator should conservatively be able to attain $125,000 (EBITDA), a stellar 38-40% of Gross Revenues!

Walk into this fully functional business for sale and forget the headaches, time constraints and money to build a store from scratch. The Sellers plan to retain the only other current franchise in West Michigan and will be available, along with the current manager, to provide up to 3 months of detailed training as desired along with corporate brand training. While the current owners are in a season of life which does not permit the time necessary to maintain two retail stores, your success directly affects the brand and builds inherent motivation to see you succeed! There’s no need to endeavor on your own when you have a mega brand providing training in a nearby market along with support, marketing, and more. You get the power and prestige of a powerhouse brand that has been in this business for over 39 years!

Significant time has been spent fine-tuning and simplifying the operations, storefront, marketing, and customer service at this location for the last 2 years. While this business most likely requires an owner/operator to achieve it’s highest possible potential, it is primed for further success with a specific focus on continuing high-class customer service and reaching additional customers! This opportunity even comes with a simple, non-escalating lease and a reputable and responsive landlord!! The current lease has a term of 10 years (8 years remaining) with no escalation during those 8 years and CAM included in the monthly rent payment. The current owners have also built a solid, simple, and effective foundation of marketing over the last few years which has led to the increase in sales. Marketing takes time to see results, and a new owner can reap the benefit of the marketing currently in place!

The current owners have LOVED having this salon; they are selling in order to focus more time, energy, and excellence on their other location closer to their home.

Call 616.610.7488 for further information. We look forward to hearing from you.

Detailed Information

Location:
Jenison, MI
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
5/31/2027
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Both franchises received approximately $350,000 - $400,000 each of investment in initial buildout, FFE (furniture, fixtures, and equipment) acquisition, and additional acquisition over time. This is an opportunity to acquire this franchise for less than it would cost to open an identical franchise with a business model, customer base, and revenues already in place!
Support & Training:
The Sellers plan to retain the only other current franchise in West Michigan and will be available, along with the current manager, to provide up to 3 months of detailed training as desired along with corporate brand training.
Reason for Selling:
To obtain more focused time for other location
Franchise:
This business is an established franchise
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Business Listed By:
Andrew Studebaker

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