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BUSINESS FOR SALE - PROFILE #  05221653

Attractive Hair & Nail Salon-Busy Location
Southern Cnnecticut

Asking Price: $75,000   Down Payment: $75,000  
Gross Revenue: $100,000   Adj. Cash Flow*: $30,900  
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Executive Summary
Business is in a very busy section of a major CT shoreline town. Owner started up in 2011 with an entirely new facility including plumbing, painting, etc.. Services provided include, in addition to hair styling, manicure, pedicure, facials and waxing in separate rooms. Hair styling section includes four (4) stations with two (2) dryers and two (2) sinks plus a separate three (3) bay sink, a hand sink and washing machine in the rear of the store. In addition to the owner there are three employees. Sales for the year 2016 will be in the $100,000 range. Rent is $1,350 per month in about 1,300 square feet of space. Rent is on a month-to-month basis. Security deposit is two month's rent, or $2,700. Owner is selling due to medical issues. A buyer will be very happy to see the location and potential of this business as comfortable with a good clientile in a friendly atmosphere. Business is open five days per week.

Acquisition Highlights

  • Training Information:  2 weeks
  • This business is not a franchise
Business Synopsis

Asset Information (estimated fair market value)

Established in: 2011 Inventory:
Employees: 3 Furniture, Fixtures & Equipment: $30,000 Included
Lease/Rent: $1,350 Real Estate:
Building Sq Ft: 1,300
    Total Assets Included in Sale: $30,000
 
* Adj. Cash Flow -  Recasting provides an economic view of the company and allows meaningful comparison with other investment opportunities.
Additional business details are available to Principals only. You will be required to document your ability to complete the proposed transaction.  Please use this link to request more INFORMATION which will be sent to the listing office.
DISCLAIMER: All information contained in this document has been provided by the subject company or its agent, and while believed to be correct has not been verified. Accordingly, we makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that we shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by us of this document. At all times we are an agent for the seller and not for the buyer unless a specific agreement exists for us to act as the buyer's agent.

FOR MORE INFORMATION:

Contact:  Bob Capozzi
Phone:  (203) 878-0554
E-mail:  venture.grp.prtnrs@snet.net
VR Business Brokers - Milford, CT
99 Cherry Street
Milford, CT 06460-3455
The above company and/or agent is a licensed real estate broker/and or a business broker.
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