- Listing ID: 903210
- (Seller ref: 4404)
Very Profitable Beauty Supply Store For Sale
- Category:
-
- Leisure
- > Recreation
- > Spa
- Type:
Listed by:
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Summary
- Asking price:
- $180,000 (Furniture / Fixtures and Inventory / Stock included)
- Sales revenue:
- $360,000
- Cash flow:
- $96,000
- Years established:
- 2003
- Employees:
- 1F/T
Business description
This is a beauty supply business located in a south Memphis neighborhood. The owner started this business six years ago when he leased the space of a former Super D drug store. The size of the building is 5,000 square feet. Owner states that he buys inventory from six wholesalers and his overall profit margin is 40%.
The store is open six days per week, Monday thru Saturday from 9am to 7pm. The owner states that he is netting between $7,000 and $8,000 per month after his monthly expenses are paid and that he is selling because he is tired and ready to retire.
Average Monthly Expenses:
Rent: 1500
Utilities: 400
Insurance: 180
Wages: 1290
Alarm: 90
Telephone: 75
Total Purchase Price: 180,000 with a down payment of 90,000 and a note of 90,000 @8% interest for 60 months payable @$1837 per month.
Property information
- Real Estate:
- Lease
- Lease terms:
- Month to Month
- Leasehold rent:
- $1,500 per annum
Other information
- Support & training:
- Seller will train new owner for a mutually agreed upon period of time.
- Reasons for selling:
- Retirement
- Trading hours:
- 6 days/week, 10hours/day
- Financing available:
- Down payment of: 90K and a note of 90K@8% interest for 60mo $1837/mo
- Furniture / Fixtures value:
- $30,000 (included in the asking price)
- Inventory / Stock value:
- $200,000 (included in the asking price)
Contact the seller
For more information about this business for sale, click the Contact Seller button.
Please only contact this seller if you have a GENUINE interest in buying this business. DO NOT MAKE CONTACT if you wish to sell your third party goods or services as you will be blocked from this site.
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