Highly profitable hair replacement industry focused on lead conversion.

TYPE OF BUSINESS: Highly profitable national sales and marketing organization offered for sale. The corporate office is located in the Twin Cities but could move anywhere in the United States. The business generates 300-400 leads per month and consistently closes at approximately 12% overall. The Minnesota location closes at 30% based on brand strength and minimal competition in the market.  There are approximately 3,000 existing clients generating an average of $295 bi-annually in recurring revenue.  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.

 

FACILITIES: This business operates out of a 2,700 sq. ft. office space with six offices in Minnesota and a 625 sq. ft space in Maryland with two offices.  There are six Certified Affiliate offices located in Nashville, Indianapolis, Houston, Raleigh, Clevland, and Albuquerque.  Additionally, the Company markets and operates in 18 other metro locations.

 

EMPLOYEES: CEO, CFO,1 branch manager, and six additional full-time employees. The CEO’s background is in sales and operational leadership. Both the CEO and CFO are willing to stay on for a period of time to ensure a smooth transition.

 

GROSS SALES: 2022 sales were $1,791,985, with a cash flow of approx. $389,235, 2021 sales were $1,916,238, with a cash flow of approx. $447,552, 2020 sales were $1,597,343, and the cash flow was approx. $284,764.

 

SALES PRICE: The seller is asking $1,495,000 for the business, which includes furniture, fixtures, and equipment valued at about $7,000.

 

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.