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    • Booth Rental Salon on Center Street

      Booth Rental Salon on Center Street

      Business Type

      Services - Beauty Salons, Barber Shops

      Area Omaha
      County Douglas State Nebraska
      Property Status Established Business Asking Price $65,000.00
      Down Payment Total Debt
      Gross Sales Total Income
      Total Expenses Terms
      Listing Flyer
      Summary
      Financial Overview
      List Price:$65,000
      Gross Sales 
      2016: $119,229
      2015: $141,230
      Owner Profit/Cash Flow
      2016: $58,532
      2015: $48,082
      Profit Margin: 34%
      Valuation: 
      Cost to Create – already established and completely built out, a new owner would avoid the headache of starting from scratch; equipment and inventory in place; perfect as an investment business or for a stylist looking to expand without having to worry about start-up costs

      Assets Included in Purchase: $56,000
      Equipment: $54,000 – includes equipment and furniture for 9 stations, towels, washer & dryer 
      Intangible Assets: Decades’ old reputation, loyal clientele, name recognition
      Inventory: $2,000 in products 

      *amounts may vary

      Business Information
      Years in Business: Over 40
      Location and Service Area: Omaha
      Number of Clients: The salon serves a client base of 1,500
      Booth Rent: Booths currently rented for $175/week – 9 booths total with only 4 occupied 
      Lease: $2,339/month – includes CAM; 1,396 sq. ft.
      Reason for Selling: Owner has growing family and would like to no longer manage the business 
      Employees: 5 Stylists renting booths
      Hours: Tues – Sat 9am to 5pm
      Seller Training Period: Seller is willing to stay on as a stylist
      Growth Opportunities: Add manicurists/pedicurists, rent out all booths; hire more stylists to accommodate walk-ins
      Current Owner’s Responsibilities: Owner is one of the stylists

      Funding Example
      Purchase Price:$65,000
      20% Buyer Down Payment:$13,000
      10% Seller Financing:$6,500
      70% Bank Loan:$45,500

      A 20% down payment of $13,000 would profit $38,846 after debts. In the first year, this represents a two-fold return on investment.

      Located in Omaha, this salon is listed for $65,000 and is run by a booth rental model. Completely outfitted for 9 stylists, currently there are 5 renting for $175/week with the seller willing to stay on and rent for a new owner. The salon has been in operation for over 40 years, and has been in its current location for around 6 years. This is the perfect opportunity for an owner to become passive after filling all stations.

      Ideally situated in a high traffic strip mall, the salon occupies 1,396 sq. ft. and is leased for $2,339 per month. The monthly rent also includes common area maintenance, with the salon in a coveted endcap spot.

      Open from Tuesday through Saturday, the stylists are consistently booked out for over one month at any given time. As they have roughly 1,500 clients between them, walk-ins are hard to accommodate. A buyer would be able to seat more clients by fully renting.

      Growth also exists in adding manicures and pedicures. A buyer could convert the salon to a commission or salary model to entice younger stylists, or share product sales with stylists to encourage more retail revenue.

      For only 20% down ($13,000) a buyer would have a stylish, well-kept salon that is a great passive investment.

       
      Print Listing
  • Lease / Asset Information
    • Rent Rent Deposits
      Lease Ends
      Accounts Receivable Square Feet
      Inventory Inventory Included No
      Furniture, Fixtures, and Equipment (FF&E) FF&E Included No
      Other Assets Assets Included No
  • General Business Info
    • Other Information
      Employees Part Time Employees
      Hours Open Days Open
      Year Established
      Training
      Selling Reason
      Property Features
  • Images
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About the Broker....

The Firm Business Brokerage

Cortney Sells
11550 West Dodge Road
Omaha, Nebraska 68154
Phone: 402.998.5288
Fax: 402.939.0857
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Contact Information

Contact Name Cortney Sells
Phone # 4029985288
 

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