Sold
Sold
$1.2M Revenue Hair Salon in a Lucrative Market
$400,000
Travis County, TX
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Gross Revenue
$1,195,531
Owner's Cash Flow
$287,001
Min Down Payment
$40,000
Employees
17 FT, 3 PT
Business Summary
Originally founded more than a decade ago, the hair salon’s mission is to provide a downtown experience to the affluent suburban areas in Travis County. With a team of experienced stylists and a strong sense of purpose, the owners have built a loyal following in their area with strong brand recognition. Revenues in 2022 are projected to eclipse $1.4M with strong cash flow to the owners.
Key Highlights
Year established
2012
Real estate
Leased
Reason for selling
The owners are retiring.
Support and training
The current owners are willing to stay on for 3-6 months.
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Consolidated Cashflow
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Gross Revenue | $6,322 | $5,956 | $5,002 |
| COGS | $3,776 | $5,296 | $1,822 |
| Gross Income | $2,546 | $660 | $3,180 |
| Operating Expenses | $5,921 | $5,865 | $1,655 |
| Operating Incomes | ($3,375) | ($5,205) | $1,525 |
| Net Other Income (Expenses) | ($3,924) | ($9,618) | ($4,882) |
| Net Income | ($7,299) | ($14,823) | ($3,357) |
| Interest | $6,305 | $2,818 | $3,404 |
| Depreciation | $337 | $2,324 | $2,060 |
| Amortization | $8,692 | $8,527 | $9,085 |
| EBITDA | $8,035 | ($1,154) | $11,192 |
| Add-backs | $64,394 | $46,243 | $57,423 |
| Owner's Cash Flow | $72,429 | $45,089 | $68,615 |
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Projected Free Cash Flow
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