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Eyelash Extension Salon - Affluent Neighborhood
Location Texas,United States
Asking Price Range < $250K
Gross Revenues $212752
Net Profit / Cash Flow $20000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 2008
Number of Employees 4 - 5
Inventory 27000
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Training Seller will train buyer for 1week included with the purchase price. Seller willing to provide additional training at mutually agreeable fixed compensation to assist with general management functions for a finite period. Should the purchaser want to operat
Reason for Sale Business is absentee-owned and seller no longer wishes to be involved with this.
Description Company is a 5-year old, established eyelash extension salon servicing a primarily upscale, affluent market and also offering waxing, suntan spray booth and special occasion makeup services. Eyelash Extensions are semi-permanent and are attached individually to existing natural eyelashes. This gives a naturally enhanced look without ever wearing mascara! Different curls, thicknesses and lengths of lashes are available, with the thicker lash giving a fuller look. Eyelash extensions are completely customizable, giving each individual their own desired look. As the natural lashes sheds, the attached extension goes with it, and a new natural lash grows in. Refills typically are typically needed every 2-3 weeks to maintain the fullness of a desired look.
The business has a large repeat customer base of approximately 200 active clients with an estimated 1000 total clients. The facility was built for the business and consists of reception/retail area, 8 treatment rooms, office, break area and washer/dryer area. Additional retail products include dermatologist-recommended cosmetic lines and jewelry.
The business has grown 19-23% annually since start up and needs a hands-on owner operator. The adjacent retail spaces have been essentially vacant for the past several years. The retail center is now filling and a significant increase in traffic has been noticed. Many growth opportunities exist for a creative owner. The business can be grown by adding Facials, Ear Candling, Body Wraps and Scrubs as well as Aromatherapy and Massages.
The asking price for the assets of the business is $75,000 ALL-CASH or $100,000 with $60,000 down and $40,000 seller financing to a qualified buyer (3 years @ 7%, monthly payments of $1,236). The assets include FFE (Furniture, Fixtures, Equipment) valued at $15,000, Inventory at cost of $12,000, Federal Mark registered name valued at $1,000 and Leasehold improvements of $25,000.
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