Job Transfer Must Sell-Two Branded Salons with positive cash flow

Henrico County, VA (Relocatable)

Job Transfer Must Sell-Two Branded Salons with positive cash flow
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Asking Price: Get Financing: $35,000

Cash Flow: $20,800

Gross Revenue: $270,689

EBITDA: N/A

FF&E: $40,100

Inventory: $8,100

Lease Rate: $2,433 /SF/Month

Established: 2006

Job Transfer Must Sell-Two Branded Salons with positive cash flow

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Business Description

The two branded hair salons are in the Henrico County, VA area located in high traffic retail centers.
Salon #1 opened 12 years ago has steady sales operates with 5 stylists and has 6 stations. The salon is absentee owned and manager operated.
Salon #2 opened in 2006 currently has 8 stations and 5 stylists and has shown a steady sales increase the last three year’s this salon is also manager operated. For the 1st Quarter of 2018 this salon had a 3% sales increase.
The combined 2017 cash flow for these two salons is $20,800. Their is $10,000 of market money available for these two salons.
With the current sales at salon #2 and the potential at salon #1 plus $10,00 in marketing funds this is a great opportunity to get in at a great price.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,100
Lease Expiration:
N/A
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Both locations are in busy retail centers with great road visible and reasonable rents
Support & Training:
Will come from Corporate staff for the buyers
Reason for Selling:
Job Relocation
Franchise:
This business is an established franchise
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Contact the Seller

(from currently available funds)
 
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Vernon Suemnicht

Business Listed By:
Vernon Suemnicht

sbdees

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Sponsoring Broker:
John Allen Dees

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