Well-established beauty supply super-center located in a large African-American community is available for acquisition. This business was originally established by the current owner of the business in 2009 within a 4,400 SF retail strip center. Competition is expected for this type of business, but this business has the most superior quality of products and a wide variety that other competitors can't provide. Most of the customers are middle-class African-American individuals from the surrounding densely populated residential neighborhoods and employees from the numerous retail stores that carpet this city. Net sales average was $360,000/year that has been consistent throughout the last several years of operation without any proactive marketing except through some online resources. Proactive marketing is crucial to the further growth of this business as the current marketing campaign isn't enough to reach all the untapped customers that is within the city and adjacent cities. There are many ways to proactively market this business such as direct mailing, daily specials, social media outlets, online sales, increase manpower, and working together with the local school districts. Many of the retail businesses that are nearby is anchored by this beauty supply store as this business has a large amount of customers coming to the shopping center throughout the operation hours. Various products are provided by this business that can range from all-natural wigs, extensions, hair color kits, accessories, contacts, shampoos, and other hair-care products from numerous brands. This business has everything in place for a potential buyer to proactively market this business while being fully involved in the day-to-day operations.
Furniture, Fixtures & Equipment: $30,000 (Included in listed price)
Inventory: $120,000 (Included in listed price)
Financing: 100% down at time of closing or 50% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.
Year Established: 2009
Facilities: This business is located in a 4,400 SF retail strip center that is filled to the brim with inventory and is surrounded by densely populated residential neighborhoods.Support/Training: The owner of the business will provide the necessary training to smoothly transition into the business operation.
Reason Selling: Burnt Out / Other Opportunities
Competition: One competitor is within the immediate market area, but this business has higher quality products with a wider selection than the competition.
Growth And Expansion: Some marketing is done through online resources, but other methods of proactive marketing are needed to generate more cash flow.
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