Wholesale Beauty Supply Business - 33284

Financing

$1,000,000 Down and 3% over 5 years

Business Description

Located in a remote area of New York, the total sales price of $3,000,000 includes the hair extension operations, customer base of 1200 salon owners and the entire inventory of the high end hair extension products/accessories valued at $2,800,000. At one time in 2012 the company generated sales of $7 million dollars, however, due to a slow economy and the lost of a major distributor, the owner has had challenging times reinventing the wheel of his company. As of 2019, the company had a gross sales base of $550,000 YTD in 2019, however due to COVID 19 pandemic, it has further reduced is gross sales to $249,088 YTD in 2020 as listed in 2020. The financial statement of net cash flow earned in 2019, does explain the entire picture of the company as well as the jewel that exists and its potential expansion/growth. There are other qualified “add backs” that will increase the cash flow on the financials. An existing hair salon owner or private equity group/organization with existing relationships and experience in the hair industry can turn this well-known northeast branded company around, by expanding the existing salon client base of 1200 customers to a broader base of hair salon owners or wholesale hair product distributor companies throughout the U.S and internationally. The company and or product is a special niche for those that desire a new full hairstyle look, but may be limited in their hair growth due being born with naturally thin hair, age, or health related reasons. The entire company and or product is also a great option to have and service to provide in areas where the weather is either too cold or too hot to receive a desired hair style. The product allows an existing hair stylist to increase their daily average gross of $800 a day to $2400 per day, as there is limited time needed to perform the service. For example, a typical wash and set hairstylist will shampoo, rinse, dry, style and color a head for their customers in an 8hour day for $800 dollars. With our seller’s hair extension products, it will allow a hair stylist to complete a new look for 3 customers of a minimum at $800 per head or more each within two-three hours, and earn $2,400 or higher per day. The product and the time to create the look is a lot less than a traditional wash and set. Please be advised that the owner is willing to entertain all offers. Please call vested broker: Stephen Copeland at 972-876-2677 to schedule and arrange a visit. Only Registered Premium Buyers may schedule an actual visit to the disclosed location.

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Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.