Your search results

Financial Information

Asking Price: Non-Disclosed Amount

EBITDA:

Gross Revenue: $305,142

Cash Flow: $114,636

FF & E: $44,000

Inventory:

Financing:

Business Location

Atlanta

Description

OVERVIEW:OVERVIEW:
This is the wave of the future for the hair salon industry. Stylists and clients no longer want to work or receive services in large open facilities. This concept offers the stylist and the client a smaller, more intimate setting. This facility has 20 suites ranging from $250.00 per week to $665.00 per week. The stylist signs either a 12 month or 18 month lease, and they pay weekly.  Currently 19 of the 20 suites are rented. The owner dedicates approximately 5 hours per week operating the business. There are 2 Part Time employees.
INVESTMENT HIGHLIGHTS:
• Prime location with a reasonable landlord and a favorable lease.• The owner works 5 hours per week and nets $100+k per year.
GROWTH OPPORTUNITIES:
• The concept is proven to be a winner, and could be expanded to additional locations.

REASON FOR SALE

The owner has other business interests that they want to pursue.

facilities

The business operates from a leased 4,800 sq. ft. facility

Details

Home Based:
No
Year Established:
2016
Franchise:
No
Year Acquired:
2016
Distressed:
No
Willing To Train:
Yes
Relocatable:
No
Is Property Leased:
Yes
Real Estate Available:
No
Real Estate Included:
No
Days Open:
7 Days Per Week
Full Time Employees:
0
Part Time Employees:
2
Is Management Staying:
No
Building Size:
4800 Sq Ft
Sold To:
Private Investor
Sold To Location:
Marietta, GA
Date Sold:
9/16/2020
Listing ID:
SA1531
Sale Details:
Listed And Sold Business In 30 Days!!! Number Of Buyer Inquiries: 30 Plus Number Of LOIs Received: 3 Number Of Months From List To Close: 1 Month Number Of Months From LAUNCH Date To Close: 1 Month

Mark Werbalowsky

M&A Advisor
770-936-9099 x 804

Contact DealMaker

  • listing search

  • FIND OUT WHAT YOUR BUSINESS IS WORTH AND MORE ABOUT OUR SELLING PROCESS