Hair replacement industry focused on lead conversion.

TYPE OF BUSINESS: Hair replacement industry focuses on lead conversion. The corporate office is in the Twin Cities but could move anywhere in the United States. The business generates 300-400 monthly leads and consistently closes at approximately 12%. The Minnesota location closes at 30% based on brand strength and minimal competition in the market.

Approximately 3,000 existing clients are worth $295 bi-annually for touch-ups/enhancements.

All the leads come from referrals online via Google, social media, and paid advertising (FB, IG, TikTok, and YouTube).

The buyer doesn’t need experience in this service, but a background in sales and marketing would be beneficial.

FACILITY: This business operates out of a 2,700 sq. ft. office space in Minnesota and a second location in Maryland with 625 sq. ft.

9 “certified” affiliates (markets, sells, and performs the service) and 18 affiliate locations (perform the service).

EMPLOYEES: CEO, CFO, one branch manager, two consultants, and four techs. The CEO’s background is in sales and operational leadership. The CEO and CFO are willing to stay on for a while to ensure a smooth transition: In 2023, sales were $1,584,374, with a cash flow of approximately $ 303,429. 2022 sales were $ 1,791,985, with a cash flow of roughly $ 356,519. 2021 sales were $ 1,916,238, with a cash flow of approximately $447,552.

SALES PRICE: The seller is asking $1,325,000 for the business, including furniture, fixtures, and equipment valued at about $7,000. Seller financing is available to a qualified buyer with 25%  down at closing (ask me about the terms).

REASON FOR SALE: Retirement

 

 

 

 

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About Bill Kraemer

Bill Kraemer brings a unique skill set to the business broker arena. As a former business owner himself, Bill understands what it takes to develop, build and successfully sell a business for maximum value. He has the unparalleled ability to identify individual strengths and align buyers with the proper businesses. His passion, experience and honest approach give him the ability to relate to business owners and their enterprises. Bill has over 30 years experience in the Minneapolis/St. Paul marketplace and has established a reputation as a trusted business advisor to clients and businesses alike. He specializes in buy/sell transactions spanning across manufacturing, distribution, franchises and service industries. Bill lives in Apple Valley with his wife of 32 years, Susan and their two children – Lauren and Nick. Bill loves spending time with family and friends and is an avid outdoorsman.

Contact the listing agent to learn more.