VERY PROFITABLE BEAUTY SUPPLY STORE FOR SALE!!
Seller:
Attn:
Rand Gray
Location:
Memphis/Shelby, TN, USA
Listing Number:
"4404"
Overview of the Business:
This is a beauty supply business located in a south Memphis neighborhood. The owner started this business six years ago when he leased the space of a former Super D drug store. The size of the building is 5,000 square feet. Owner states that he buys inventory from six wholesalers and his overall profit margin is 40%.
The store is open six days per week, Monday through Saturday from 9am to 7pm. The owner states that he is netting between $7,000 and $8,000 per month after his monthly expenses are paid and that he is selling because he is tired and ready to retire.
Average Monthly Expenses:
Rent: $1,500
Utilities: $400
Insurance: $180
Wages: $1,290
Alarm: $90
Telephone: $75
Total Purchase Price: $180,000 with a down payment of $90,000 and a note of $90,000 at 8% interest for 60 months payable at $1,837 per month.
Additional Details:
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