Industry Description

Hair Replacement

SIC

7299

Days Open

M - F

Year Established

1971

Hours of Operation

M-F; 9 - 6

Years Owned

1971

Full-time Employees

5

Part-time Employees

Other Notes

www.bj-hdc.com

Hours/wk by Owner

40

Owners Duties

Management & Svc.

Skills / Licenses ReqÕd

Training Offered / Cost

As required

Non-Compete Terms

As required

Exec. Summary

This firm caters to the high end hair replacement community.  Their

client list is a virtual "who's who" of both Hollywood and the world.

Lease / Bldg. Info.

Freestanding Bldg.

Monthly Rent

$5,000

Lease Commenced

Seller owns

Deposit

TBD

Lease Expires

Seller owns

Term & Option

TBD

Bldg./Area Description

Urban/Busy Street

Square Footage

Seats, Pkg, Zoning, etc.

Reason for Sale

Retirement / Seeks to assist new owner to move business forward

Financial Summary

Current Yr. Annual

2003 / Owner to Prove

2002 / Owner to Prove

Gross Revenue

TBD

$524,040

$490,600

COGS

$76,728

$71,071

Rent / CAM

$60,963

$60,000

Payroll

$55,344

$97,878

Net Profit (before tax)

$88,660

Discretionary Cash

TBD

$164,897

$86,592

Expense Breakdown

Included in Sale

Assets

Liabilities

FF&E Included

$22,500

Lease Obligations

$0

Inventory Included

$18,500

Debt Included

$0

Other Assets Included

$16,600

Other Liabilities

$0

Working Capital (not incl)

Return on Sale Price

Asking Price

$700,000

Owner Financing/Terms

Owner will consider

Earnest Money Dep.

$20,000

Down Payment

Opportunity Summary

Headline

High End Hair Replacement Company

Summary

This highly confidential opportunity is for the potential merger or sale of a world renowned, high-end custom hair replacement, hair extension, and hair maintenance services, and hair care products company.  This industry leading firm has a well-established and very exclusive domestic and international client base.

Facilities / Assets

This business is housed in a 3,000 square foot facility (approximately).  Active customer base is approximately 1,000.

Competition

There is not considered to be any direct competition for this top tier service.  Other hair replacement services, however, cater to clients on an international basis. 

Growth Potential

The owner of this firm has developed, and has many new products in development, that a new owner could potentially capitalize on. 

Other

The current owner is willing to assist in a consulting fashion as necessary, to ensure the successfully transition of the business, and/or implementation of his business concepts.

Active customer base is approximately 1,000.  Approximately 500 - 600 clients are seen annually, with 200 - 300 seen every month.  It is estimated that 70% of clients utilize the tape or clip method of attachment, with the remaining 30% using permanent attachment (70% via cylinder and 30% via bonding).