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Financial Information

Asking Price: $55,000

EBITDA:

Gross Revenue: $296,697

Cash Flow: $42,492

FF & E: $10,000

Inventory: $2,000

Financing: No

Business Location

Mid-Town Atlanta

Description

This is a well- established hair salon with an owner that is ready to slow down. There are 9 stations, 4 shampoo bowls, and 3 dryers, with a very comfortable and tasteful d├ęcor. There are currently 5 stylists plus the owner. The current lease expires on 2/28/2019 and the monthly rent is $2,400.00. The owner would like to stay on as an employee after the sale for at least 6 months. The business currently is open Tuesday through Saturday, closed Sunday and Monday. The hours of operation are 10 AM to 5 PM

REASON FOR SALE

Semi-retirement

facilities

The business operates from a leased 1373 sq. ft. space.

Details

Home Based:
No
Year Established:
2009
Franchise:
No
Year Acquired:
2009
Distressed:
No
Willing To Train:
Yes
Relocatable:
No
Is Property Leased:
Yes
Real Estate Available:
No
Real Estate Included:
No
Days Open:
Tues - Sat
Full Time Employees:
5
Is Management Staying:
Yes
Building Size:
1,373 Sq. Ft.
Sold To:
Private Investor
Date Sold:
6/30/2017
Listing ID:
1404
Sale Details:
Two Months From List To Close

Mark Werbalowsky

M&A Advisor
770-936-9099 x 804

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