BTI 11091 Hair Replacement Specialists
This company is one of the largest non-surgical hair restoration providers
for women, men, and children. Wigs are a small part of revenue most of the
revenue is hair restoration with jobs starting at $1,500 up to $7,000 or
higher plus revenues are generated by maintaining the restorations. This is a
recession proof business with very litte competition. They have grown
revenues for the last five years and will continue with organic growth and the
buyer can add other locations.The company has a strong team of 9 full-time specialists, many have been with the company for up to 20 years, they receive latest industry training
every year. SBA prequalified with 10% down. Owner may stay for a short time.This well trained staff and their expertise allows the owner to concentrate on management, sales and growth. The owner does not work on clients the specialists handle that part of the business. Their training allows the business to offer the best options to address the needs of many age brackets and genders with options to offer a critical advantage to many young professionals with diverse needs. The Company provides its clients with the latest and most natural-looking hair replacement, also offering topical hair loss treatment.
The owner is willing to help through the transition period for apx. 90 days after close of escrow and may entertain remaining with new management for a longer period on a consultancy basis. Additionally, key employees are available to remain with new ownership beyond the sale of the Company.
The Company has been in business for 26 years and enjoys a long-standing reputation for the quality of its products and services, expertise, dependability, and superior customer support. The Company’s reputation in the industry is the result of conducting business with a philosophy that is supported by professionals, principles, values, and ethics. As a result, the majority of its business is from repeat business, referrals, social media and its web site.
Purchase Price $1,125,000 with $122,000 Inventory Included in Price
Annualized Sales $1,619,146 Annualized Cash Flow $575,984 From 6 mo P&L 06/30/2023
SBA Loan Down Payment $112,500
Rent $7,857 Monthly Gross Lease No NNN
Employees FT: 3, PT: 6 Owners FT: 1, PT: 1
Bldg. Size (Sq Ft) 2,793 Lease Exp 4/30/2024 No Options Will Need New Lease
Reason For Sale Retirement Hours: Mon - Saturday 9:00 / 5:00 Sunday Closed
