Profitable Salon Studio in Desirable Location
$700,000
Houston, TX
Gross Revenue
$1,125,616
Owner's Cash Flow
$256,356
Min Down Payment
$70,000
Employees
12 FT, 1 PT
Business Summary
This is an established and profitable salon business located in the greater Houston area. This salon has an excellent reputation and is highly respected in the industry. Service offerings include coloring, styling, and cuts.
Key Highlights
Year established
2010
Real estate
Leased
Reason for selling
After many years in the industry, the current owners are looking to pass the torch to the next generation.
Support and training
Extended period of support training offered.
Broker of Record
John McCleary
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Consolidated Cashflow
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Gross Revenue | $1,336 | $3,276 | $2,072 |
| COGS | $8,581 | $3,644 | $7,582 |
| Gross Income | ($7,245) | ($368) | ($5,510) |
| Operating Expenses | $7,285 | $6,229 | $7,214 |
| Operating Incomes | ($14,530) | ($6,597) | ($12,724) |
| Net Other Income (Expenses) | ($6,173) | ($4,433) | ($9,508) |
| Net Income | ($20,703) | ($11,030) | ($22,232) |
| Interest | $1,590 | $2,665 | $4,738 |
| Depreciation | $8,986 | $9,856 | $8,741 |
| Amortization | $116 | $7,984 | $189 |
| EBITDA | ($10,011) | $9,475 | ($8,564) |
| Add-backs | $62,352 | $70,780 | $68,217 |
| Owner's Cash Flow | $52,341 | $80,255 | $59,653 |
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Projected Free Cash Flow
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