Seller's Contact Information
- RE: Hair Replacement Industry, No Experience Needed.
- Contact: Bill Kraemer
Quick Facts
Asking Price: | $1,325,000 | |
Annual Revenue: | $1,584,374 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $303,429 | |
Total Debt: | Not Disclosed | |
FF&E: | $7,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2009 | |
Employees: | 7 | |
BBN Listing #: | 938476 | |
Broker Reference #: | 8613 B.K. |
Business Overview:
TYPE OF BUSINESS: Hair replacement industry focuses on lead conversion. The corporate office is located in the Twin Cities but could move anywhere in the United States. The business generates 300-400 leads per month and consistently closes at approximately 12% overall. The Minnesota location closes at 30% based on brand strength and minimal competition in the market. There are approximately 3,000 existing clients worth $295 bi-annually for touch-ups/enhancements. All the leads come from referrals, online via Google, social media, and paid advertising (FB, IG, TikTok, and YouTube). The buyer doesn’t need experience in this service, but a background in sales and marketing would be beneficial.
GROSS SALES: 2023 sales were $1,584,374, with a cash flow of approximately $303,429, 2022 sales were $1,791,985, with a cash flow of approximately $356,519, 2021 sales were $1,916,238, with a cash flow of approximately $$447,552.
SALES PRICE: The seller is asking $1,325,000 for the business, which includes furniture, fixtures, and equipment valued at about $7,000. Seller financing is available to a qualified buyer with 25% down at closing (ask me about the terms).
REASON FOR SALE: Retirement
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Property Features and Assets:
FACILITY: This business operates out of a 2,700 square feet office space in Minnesota and a second location in Maryland with 625 square feet
9 “certified”) affiliates (markets, sells, and performs the service) and 24 affiliate locations (performs the service).
Reason for Selling:
retirement
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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