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Heart of Downtown Greensboro Salon

Greensboro, NC (Guilford County)

Heart of  Downtown Greensboro Salon
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Asking Price: Get Financing: $99,000

Cash Flow: $100,000

Gross Revenue: $450,000

EBITDA: N/A

FF&E: $75,000

Inventory: $10,000*

Lease Rate: N/A /SF

Established: 2003

*not included in asking price.

Heart of Downtown Greensboro Salon

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Business Description

A well-established beauty salon with a great name and reputation in a prime location in the heart of downtown Greensboro, in a beautiful restored historic building.

Two owner-operators who work full time make 50K each annually on salary. They have two commissioned stylists at 40% and two monthly rentals at $1,000 each for gross revenues around 450K.

The two owners are willing to stay on for one year as paid stylists to facilitate a smooth transition.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,800
Lease Expiration:
8/31/2018
Employees:
4 and 2 owners
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Beautifully-renovated historic building in the Heart of Downtown Greensboro in a prime corner location. 6 styling stations and 6 color bars. Elegant and roomy atmosphere. 2800 sq. ft. Rents for 3,000/mo. Lease expires Aug. 2018.
Competition:
This excellent local brand has a great history, reputation and clientele. Business is strong in this consistent industry. The professionalism and experience of the stylists sets this salon apart
Growth & Expansion:
More locations could be added and within this space, there is room to have a total of 12 booths, from the present six.
Financing:
Not Available
Support & Training:
A full two weeks of comprehensive training is included in the sale, more can be negotiated. Both owners are willing to stay on for one year as for stylists to help the transition for a new owner
Reason for Selling:
More time with Family.
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(from currently available funds)
 
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BROKERAGE HOUSE

Business Listed By:
Ben Haines

BH Business Brokers Mergers and Acquisitions

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