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Dec 17, 2019 — 3-Location of well-established high volume beauty supply stores with variety of brand name products exclusive to these businesses are now available for acquisition. The first location was originally established over 15 years ago in 2004 by the current owner of the business. The second location was established by the current owner as well in 2009. The third location was established in 2004 by the current owner and has relocated to new, better location, because previous location was outgrown, and now the business has opened in December, 2019. Overall demographics of these three beauty care retailers are middle-class individuals that reside in the surrounding densely populated residential neighborhoods nearby many retail businesses that bring consistent foot traffic to the area. Gross sales of all three locations combined have been in the range of $3.2 Mil to 3.25 Mil per year during the immediate past several years, and with third location relocated to new, top-notch location, revenue is expected to be at least more than 3.5Mil per year due to expected increase sale from the new location. Currently, total 30 employees are working at the stores (1st location - 11, 2nd location - 11, 3rd location - 8), and each store has 1 full-time manager. Utilization of traditional marketing and online marketing is crucial if this business is to further grow their sales and acquire customers from the untapped areas. There are many ways to proactively market this business such as direct mailing, social media outlets, business website, online orders, promotions, sampling and door hanger coupons. Since this business is running as a complete owner absentee, a full-time owner-operator will enjoy additional profit by cutting down unnecessary payroll expenses/other cost and create a more efficient work environment for the employees. Competition can be expected for the beauty supply industry, but this business has various exclusive contracts with several top vendors for high quality beauty products. This is a great opportunity to acquire three well-established high volume beauty supplies as a package deal for potential buyer who is willing to be more hands-on in the day to day operation and marketing to reach out to untapped areas of the city.
Furniture, Fixtures & Equipment: $110,000 (Included in listed price)
Inventory: $770,000 (Not Included in listed price)
Financing: 100% down at the time of closing or 15% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.
Year Established: 2004
Facilities: This main location is occupied in a 4,000 SF retail strip center that is optimally placed next to numerous residential areas and apartment complexes. The second location is located in a 3,500 SF space of retail strip center is anchored by a regional mall, national retailers, all placed next to one of the busiest highway in the city and is surrounded by densely populated residential neighborhoods and small retail shops. The third location has been relocated to new location which is 3,920 SF space of retail strip center. This area is known as the prime spot that has a strong enormous presence of grocery, retailers and restaurants with heavy traffic and nearby densely populated residential area.
Support/Training: Owner/Owner's representative will provide a sufficient training for an agreed upon period to make the transition into the business as seamless as possible.
Reason Selling: Owner resides overseas and is run...