List Price $209,000
This longstanding, profitable salon has been serving clients for 25 years. Six hair stylists utilize the seven cut stations, four shampoo bowls, and three color stations. Three share-time employees and the owner serve at the reception desk and also book the five tanning rooms. The seller is willing to stay on after the sale if asked to do so.
This location is the only tanning salon in the area. Sales from tanning covers most of the overhead costs. The stylists work as W-2 employees on a commission split for hair services; no commission is shared on income from tanning. Vacation pay is the only benefit offered.
The buyer could hire an office manager to perform the seller's current tasks. The seller currently works 35 hours per week in the business. The salon is open six days per week.
In 2010 the business moved to its current location near the intersection of a highway and main road into town with average traffic counts of over 10,000 vehicles per day (Source: MDOT). An apartment complex is slated for development next to this location.
The seller owns the real estate and will negotiate a market rate lease with the buyer of the business. The business occupies 2,368 sf in a freestanding building. Lighted signage is prominantly displayed on the front of the building and there is ample dedicated parking at the front and side of the building. Inventory is additional, estimated to be between $8000 and $10000 in value.
For more details about the business, buyers are asked to complete an NDA and buyer profile (click NDA for link). Contact the listing agent for further information or to request a showing.
Business acquisitions are red hot, and all kinds of businesses are being snapped up. Some people are under the impression that only large businesses are being acquired, but this is far from the reality of the situation. It would surprise many to learn that so much of the “action” is, in fact, small businesses buying other small businesses.
In his Forbes article, “Take Advantage of the Golden Age of Business Acquisitions,” author Christopher Hurn explores the true state of the “acquisitions game.” His conclusions are quite interesting. In Hurn’s opinion, there has never been a more active time in the realm of business acquisitions.
Thinking about whether or not you are ready to exit is an important question. It’s something that every business owner will have to address at some point. Importantly, you don’t want to wait until the 11th hour to prepare to sell your business. There are far too many pieces in this particular puzzle to wait until the last minute. You’ll want to begin the process sooner by asking yourself some key questions.
Determining when it’s finally the right time to sell can be a tricky proposition. If you are thinking about selling your business, one of the best steps you can take is to contact a business broker. A good business broker will have years, or even decades, of proven experience under his or her belt. He or she will be able to guide you through the process of determining what you need to do in order to get your business ready to sell.
One major reason you should contact a business broker long before you think you might want to sell is that you never know when the right time to sell may arise. Market forces may change, unexpected events like a large competitor entering your area, or a range of other factors could all lead you to the conclusion that now, and not later, is the time to sell.
