🚀 go-pugleaf

Location: Kamloops, BC

Business:  One of the largest, and most successful salons outside of
Vancouver.

Annual Revenue: Estimated $149,500 yearly revenue

Selling price:  $67,800

Benefits to purchaser;

Sub tenant (hair division) splits overhead.

Currently turning away an estimated $43,000 in business beyond current
resources (all aestheticians are booked to near capacity).  This business
and more could easily be capitalized on by a new owner.

Significant value in lease held by salon.  Current rental rate is $6/sq. ft.
below market value, representing a total of $36,000 over next four years of
lease.

KPMG advises that the sale of a "service industry" business has a standard
valuation based on 70 cents on the dollar, based on annual sales.  Therefore
the industry standard would indicate a selling price of $104,650.  This is
likely to be the price when listed through an independent broker (due to
commission expenses, etc.).

Please contact me with your questions, or interest...

Andrew MacLean
Industry the Salon
drewdoug@netcom.ca
(613)523-9600  lv. message