Cosmetology School for Sale

Undisclosed Address, Michigan
Business Opportunity for Sale
Cosmetology School for Sale
Catylist Listing ID: 30270235
Property Subtypes: Educational
Building Size (RSF): 2,744 SF
Sale Price: $127,360
Year Business Established: 2006
Gross Revenue: $103,989 (Annual)
Cash Flow: $25,472 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Relocatable Business: Yes
Sale Terms: Cash or commercial loan
Last Updated: 10/14/2018

Overview / Comments

This West Michigan cosmetology school was established in 2006 and remains the only cosmetology school in its metropolitan area. All furniture, fixtures and inventory are included in the sale price. A new owner may be able to negotiate a lease of the building with the seller.

There is a large upside potential for a new owner who is willing to hire additional instructors and explore federal financial aid programs. The current facility can accommodate additional students.

Additional Details

Industry Segment: Other Educational
Reason for Selling: After more than thirty years in the cosmetology business, the owner wished to retire.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Not Applicable
Value of Real Estate Included ($): $0
Real Estate Lease Description: Seller is the owner of the building that houses the cosmetology school and may be willing to negotiate a lease for the new owner. The building is well maintained, highly visible with ample parking.
Competition/Market Description: Seller is the only one offering this service in the metropolitan area.
Growth/Expansion Opportunities: The new owner should consider taking advantage of federal student aid programs and hiring additional instructors.

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Demographic Statistics

Proximity: 5 miles
Total Population: 2,593
Median Age: 44.17
Households: 1,031


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