Category:
8632 - Franchises
Location:
Northern California - South Bay
Business Description:
This full-service franchise beauty school is located in a busy Bay Area mall. It has a current enrollment of over 120 students and is one of the top performers nationwide in its franchise network. Established in 2010, it offers cosmetology, esthetics and make up programs. It has a onsite beauty salon where supervised students can practice on clients. It has the hard to get Title IV accreditation and is qualified to offer federally-backed student loans. The price includes $1.5MM accounts receivables, primarily from the federal government, and accounts payable of $200K. Revenue has been trending up for the past three years. SBA pre-approved! Ref# 8632
Inventory (included):
$3,000
12 Months Ended
12/31/2019
$2,845,491
(Sales)
$300,028
(Adjusted Cash Flow)
12 Months Ended
12/31/2018
$2,451,433
(Sales)
$168,426
(Adjusted Cash Flow)
12 Months Ended
12/31/2017
$2,200,519
(Sales)
$410,937
(Adjusted Cash Flow)
12 Months Ended
12/31/2016
$1,927,912
(Sales)
$274,555
(Adjusted Cash Flow)
| # of Employees | Full Time | Part Time |
| Non-Owners | 11 | 11 |
| Owners | 1 | 0 |
Hours of Operation
Tue,Thu: 9:30-9:30, Wed: 10-5, Fri: 9-5
Sat: 10:45-6. Mon: 9-5 office only. Sun : closed
Licenses Required:
Monthly Rent Including NNN:
$32,929
Expires:
5/31/27
Option:
No
Size(sq.ft.):
8,315
Type of Organization:
S Corp
Reason for Sale:
Investing partners pursuing other opportunities
Training:
3 weeks 40 hours
Disclaimer: The information provided herein is compiled from information provided by the seller(s). Business Team (CA BRE 01160661) makes no representation as to its accuracy or reliability. Prospective buyer(s) should rely upon their own verification and that of their financial advisors with respect to this information.