Seller's Contact Information
- RE: Hawaii – Cosmetology/Massage School Great Profit
- Contact: Tom Caltrider
Quick Facts
| Asking Price: | $900,000 | |
| Annual Revenue: | $1,157,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $462,978 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $30,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2003 | |
| Employees: | 5 | |
| BBN Listing #: | 667052757 | |
| Broker Reference #: | COSMO |
Business Overview:
This business provides training to their students in the areas of Cosmetology, Hair Dressing, Esthetics, Nail Technology, Barbering, instructor Training, and Massage Therapy. The company holds an Accreditation through NACCAS an independent accrediting commission since 1969 and also Title IV Funding approved, VA Approved and approved for Exchange Visitor Program (SEVP). The combination of the facility, instruction and vendors set standards that are intended to put student on par with contemporary high-end salons and prepped for any State Board Exams. The school is proud to be licensed through the State of Hawaii as a clock-hour School. Students can choose the full cosmetology program or any course individually. The school accepts financial aid and VA funding for qualified military and their families. The company has a proven track record of successful graduates who are confident, qualified, and capable of entering the salon environment as professionals.
The business has been qualified by Diamond Financial Services for a qualified buyer to obtain an SBA 7(a) business acquisition loan including working capital; terms: down payment of $209,300 (15%), 10-year term, interest rate of Prime plus 2.75%, variable.
To receive a detailed Confidential Business Profile with tax return and audited financials please contact Hawaii Business Sales.
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Property Features and Assets:
LOCATION DETAILS Status: Leased Buyer to negotiate with landlord lease – current provisions: •5/15/2012 5-year term, 2 x 5-year options •Base Rent $11,966 •CAM $5,584 •Water (range is $150-$200) a month •General Excise Tax “GET” $731 a month •Total approximately $18,422 monthly
Market Competition and Expansion:
They are the only approved school of their kind on this Hawaii island, and it also takes about 3 years to start a school and become certified for financial aid.
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
Documents:
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