Beauty Supplies at a Bargain Price
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Background
| BizEx ID: | BizEx779-AK |
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| General Location: | Los Angeles, CA |
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| Category: |
Beauty & Barber Shops
Beauty Supplies
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| Years in Business: | 56 |
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| Under Present Owner: | 36 |
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| Hours of Operation: | m-sat 9-7 sun 10-6 |
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| Owner Hours: | m-sat 9-7 sun 10-6 |
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| Training: | 4 weeks @ 20 hours |
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| Organization Type: | S-Corp |
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| Lease Expiration: | new lease |
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| Lease Options: | one 5 year |
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| Building Size: | 1,300 |
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| Employees: | 3 |
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| Reason for Sale: | retirement |
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Financials
| Asking Price: | $124,000 |
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| Down Payment: | Negotiable |
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| Gross Sales: | $922,436 |
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| Discretionary Cash Flow: | $125,892 |
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| FF&E: | $15,000 |
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| Inventory Included? | No |
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| Inventory: | $150,000 |
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| Min. Operating Capital: | $20,000 |
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| Real Estate Available? | No |
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| Rent: | $9,000 |
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| Payroll: | $9,000 |
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| Financing: | Call |
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|
2014 | 2015 | 2016 |
| Gross Sales |
$ 448,708 | $ 438,797 | $ 416,889 |
| Gross Profit |
$ 211,890 | $ 212,162 | $ 201,482 |
| Disc. Earnings |
$ 148,692 | $ 162,757 | $ 150,557 |
