Beauty Supply Store, Specializing in Black Haircare & Accessories, $1.8M Annual Sales.

Featured on BizBuySell.com . 7 viewed

Asking Price

$500,000

FOR SALE - ACTIVE

Detailed Information

Location

Detroit, MI (Wayne County)

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BUYER ANALYSIS

Down Payment

% down

Payback Period

months

Annual Debt Service

% interest, year term

Cash Flow After Debt Service

Debt Service Coverage

x

COMPANY FINANCIALS

Cash flow

(% CF Margin)

Revenue

Furniture, Fixture &
Equipment

Inventory

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Business Description

This thriving beauty supply store is nestled in a bustling shopping center, boasting annual sales of $1.8 million. With a specialized focus on serving the needs of predominantly black clientele, the store features an inventory valued at $500,000. Generating a net income of $300,000 per year, this turnkey operation is managed by a team of four employees overseen by a dedicated manager. The owner's primary role is handling bookkeeping tasks, making the business straightforward to run. This lucrative business opportunity has arisen due to the owner's retirement, presenting an excellent chance for a new owner to take over and continue its success.

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Listed By:

Name : Shawn Baek

Phone Number : Show Phone number

Shawn Baek typically replies in about 7 minutes

Related Businesses

Seller Financed

$1.5M

3.5x Cash Flow

Gross Revenue: $5.69M

Cash Flow: $428K

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