Active
Established Professional Hair Studio
Public Pictures: |
Category | : | Beauty/Personal Care | SIC | : | 7231 | |
Detail | : | Hair Salon | Price | : | 175,000 | |
County | : | Montgomery | Down | : | 175,000 | |
State/Prov | : | Pennsylvania | Disc Earn | : | 112,463 | |
Country | : | USA | Sales | : | 597,761 |
Established in 2009, this well known beauty hair salon has developed a strong reputable brand that attracts an extremely loyal base of recurring clients, testament to the exceptional services provided. The salon was crafted to exude a contemporary sense of luxury within an intimate setting. The business is supported by a team of highly skilled professionals boasting an impressive 40+ years of combined experience in the art of hair coloring, cutting & treatments. Coupled with the top-of-the-line products they have set themselves apart as industry experts as the go-to hair salon within Montgomery County. Each employee specializes in their own unique niche hair type catering to a large variety of demographics. Based on the salons positioning as a luxury brand, coupled with a long-standing well-known reputation, the salon is able to command a premium price that is supported by the local reoccurring client base & marketplace demographics.This business operates out of a 1700 square foot commercial facility with high visibility to 17,000 vehicles per day. The local affluent population of 87,000 is located within 3 miles, with an average household income of $133,000. Annual 2022 revenues of $597,761 with Seller Discretionary Earnings of $112,464. |
Showing Remarks | : | CONTACT BROKER FOR ADDITIONAL INFORMATION |
Reason for Sale | : | Retirement |
General Location | : | Pennsylvania |
Organization Type | : | Corp 'Sub S' Hours Owner Works: 0 |
: | Years Established: 14 Years Owned: 14 Emp FT: 7 Emp PT: 0 Mgrs: 1 | |
Non Compete | : | Miles: 100 Years: 3 Weeks Training: 4 Cost: $0 |
Operating dys/hrs | : | Monday-Thursday (12:00pm-8:00pm), Friday (9:00am-4:00pm) |
Skills/Licenses | : | Pennsylvania Salon License |
Business | : | Is Relocatable: Y Is Home Based: N Is a Franchise: N Is Lender P/Q: N Should Qualify For Visa: Y |
Data Source | P/L Statement | P/L Statement | P/L Statement | |
Year (Cash Flow) | 2022 (N) | 2021 (N) | 2020 (N) | |
Gross Revenue | 597,761 | 535,644 | 382,542 | |
Cost of Goods | 370,488 | 371,327 | 244,194 | |
Gross Profit | 227,273 | 164,317 | 138,348 | |
Expenses | 182,237 | 140,741 | 111,071 | |
Net | 45,036 | 23,576 | 27,277 | |
Owner Salary | 50,592 | 34,559 | 23,070 | |
Benefits | 7,803 | 7,607 | 20,223 | |
Interest Expense | 323 | 305 | 626 | |
Depreciation | 4,573 | 4,403 | 3,620 | |
Other | 4,136 | 2,759 | 2,147 | |
Discretionary Earnings | 112,463 | 73,209 | 76,963 |
Accounts Rec | 0 | N* | Real Estate | 0 | N* |
Inventory | 13,000 | Y* | ___________ | 0 | N* |
F F & E | 52,385 | Y* | Total Assets | 65,385 | Y* |
Leasehold | 0 | N* | |||
*Included? |
Lease/Month: 2900 | Square Footage: 1700 | Building Type: Commercial |
Terms & Options: Negotiable | Expiration Date: 12/31/2023 |
Loan/Assumable | - Amt: | 0 Mos: | 0 Rate: | 0.00 Mo Pmt: | 0.00 | |
Loan/Seller | - Amt: | 0 Mos: | 0 Rate: | 0.00 Mo Pmt: | 0.00 | |
Loan/Other | - Amt: | 0 Mos: | 0 Rate: | 0.00 Mo Pmt: | 0.00 |
EDWARD BELL | Office | : | (941) 667-1616 | |
ASSOCIATE | Fax | : | ||
Home | : | |||
SUNBELT BUSINESS BROKERS NAPLES & FT MYERS | Cell | : | (941) 667-1616 |
2640 GOLDEN GATE PARKWAY, SUITE 204 | ||||
NAPLES, FLORIDA 34105 | : | [email protected] | ||
USA | Home Page | : | sunbeltofflorida.com |
Listed By: Edward Bell
Background information
Reference:
53596
Finance
Sales:
$597,761
Profits:
$112,464
Profit type:
Discretionary Earnings
Price and terms
Price:
$175,000