Hair Salon with Over $270,000 Recurring EBITDA
For sale is one of the most profitable and established hair salons in Toronto. In existence for over 25 years, the business’ owner is looking to retire. This opportunity is ideal for a business entrepreneur with experience and interest in the industry and client service.
The business has a loyal client base of almost 4,000 clients and services are pre-booked for up to 6 months. Clientele is loyal and chooses the salon for its niche specialization and staff’s experience in a certain hair style.
The owner acts as a general manager and the staff is well trained and organized in a hierarchical formation allowing efficient service to clients.
At the same location for over a decade, the business has built an outstanding reputation in an affluent upmarket client niche and has had consistently high levels of revenue and profitability. Historic sales in 2012 and 2013 were $1,257,000 and $1,161,000 respectively and FYE 2014 is on track for $1,300,000 with EBITDA (after owner’s salary) at 20%.
Asking Price: $695,000
2014 Revenue (est.): $1,300,000
Seller’s Discretionary Earnings: $337,000
Normalized EBITDA: $272,000
Assets (book value): $75,000