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Passively Owned Salon Suites

10,000 Square Feet Facility with 44 Suites Available!

CASH FLOW
$224,470

Specifications

  • Price
    $518,000

  • Revenue
    $568,450

  • Cash Flow
    $224,470

  • Profit Margin
    39%

  • Industry
    Beauty/Fitness

  • Location
    West Hartford, CT

This salon suite franchise business has a loyal and established client base including multiple customers that have been with the business since it’s origins in 2015. This business is fiercely focused on client services because they know that as the host of a multitude of businesses, their name is intertwined with all of their customers’ branding. This business offers spa-based business owners the opportunity to run their business out of a well trafficked location with amenities including: well-maintained space, business partnership opportunities, educational workshops through the franchise, and a complimentary concierge service. The location for this business is a 10,000 square feet facility in West Hartford, CT with 44 suites for different clients to utilize. The current owner is looking to sell due to recent health issues coming to light. He has a passive role in the business which includes checking in with tenants as preferred and he likes to purchase everyone lunch once a month. New ownership would not need to hire a replacement and could easily step into this role with the 3-6 month offered transition period.

 

This business is unique in its ability to not only provide business owners an opportunity to live their dream without worrying about the details of running a business, but also the sense of comradery it evokes in customers. This establishment has created a major networking opportunity for businesses and a community of like-minded individuals working to build their dreams. New ownership could expand this community in a few ways. The current location has 1,000 sq. ft. that has not been converted into suites, but could be. A buyer could also utilize the excellent reputation and long-standing clients to expand into an additional location.

 

Priced at $518,000, a 10% down payment of $51,800 returns $71,176 in the first year after debt payments! This unique business has little local competition and is the prime choice for new and returning clients alike. Often times, customers that have left their location to work in a separate boutique have returned for the lowered overhead costs and responsibilities as well as the individuality and community offered. 

Purchase Price:

$518,000

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Bank Loan Needed: $

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Funding Details

Business:

Offer Price: $

% Buyer Cash Down at Closing: $

% Seller Carry Back via Promissory Note: $

year term at a rate of %

% of Purchase Price secured by Buyer and Seller

Total Bank Loan Need: $

% of Purchase Price

Desired Loan Type:

Desired Bank Terms: year term at a rate of %

Total Business Assets, Inventory, and A/R: $

Total Undercollateralized Loan: $

Loan Payments

Monthly Payment to Bank: $
Yearly Payment to Bank: $
Monthly Payment to Seller: $
Yearly Payment to Seller: $
Total Monthly Debt Service: $
Total Yearly Debt Service: $

Conclusions

Fixed Charge Coverage Ratio

The bank will require a minimum ratio of 1.5 to be lendable.

Cash Flow:
2021 cash flow
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Annual Debt Service: $
RATIO:

Buyer's Net Operating Income (NOI)

The amount of money the Buyer will retain as profit.

Cash Flow:
2021 cash flow
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Annual Debt Service: -$
NOI:

Buyer's Return on Investment (ROI)

The rate of return on the Buyer's down payment.

Down Payment: $
NOI:
ROI: %

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The Firm makes no warranties or representation in consideration to the information provided above. All communication regarding this business must occur directly with The Firm Advisors, LLC. The Firm is not a real estate brokerage and does not sell real estate. The Firm solely advises on exit strategy.