Wholesale Midwest Beauty Supply Distributor

Undisclosed Address, Michigan
Business Opportunity for Sale
Catylist Listing ID: 30347457
Property Subtypes: Wholesale and Distribution
Building Size (RSF): 4,772 SF
Sale Price: $525,000
Year Business Established: 1993
Gross Revenue: $564,000 (Annual)
Cash Flow: $1 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Relocatable Business: Yes
Sale Terms: Cash to Seller
Last Updated: 4/1/2019

Overview / Comments

This established wholesale business carries leading brands with some exclusive lines, of products used by hair, nail, and beauty salon professionals. Customers are primarily in West Michigan, but orders are shipped throughout the US. This business prides itself on its 25 years of excellent customer service, and personal touch for its clientele.

The building includes a store/showroom in the front, Full salon for demonstration or additional income, office space, finished upper floor area perfect for more offices, and warehouse with overhead door for deliveries. Independent contractors provide sales and service for new and recurring accounts.

The owners is willing to assist with a successful transfer of ownership. To receive additional information about the business, please contact one of the brokers to receive an NDA.

-Turnkey business opportunity!
-Real estate is included in the sale
-Business employs full-time warehouse staff as well as part-time office and warehouse staff
-Independent contractors handle sales

Additional Details

Industry Segment: Wholesale and Distributors
Reason for Selling: Seller is pursuing retirement.
Value of Inventory Included ($): $130,000
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Real Property
Value of Real Estate Included ($): $350,000
Real Estate Lease Description: Seller prefers to sell real estate but may consider a lease to buyer.
Employee/Labor Description: One full, one part time warehouse staff One part time office staff Sales reps are independent contractors
Mgmt/Training Support Description: Owner is willing to train
Competition/Market Description: There is no local competition, and there are few regional supply companies.
Growth/Expansion Opportunities: Building includes a two-seat salon that can be rented out for additional income. Business formerly held trainings for up to 25 salon owners to demonstrate skills and use of product, which generated fees and sales of product. Additional growth opportunities include establishing and promoting company website and online presence through search engine optimization and social media. New owner can increase profitability by reducing level of inventory and increasing sales to improve product turnover ratios.
Seller Financing Description: N/A
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