TYPE OF BUSINESS: Sales and service organization focused on the $6 billion hair replacement industry. The corporate office is located in the Twin Cities but could move anywhere in the United States. The business generates 300-400 potential clients per month from referrals, paid advertising, and social media. Consistent closing rates are based on brand strength, longevity in the industry, and substandard competition in the market. There are approximately 3,000 existing clients creating residual income of approximately $10K-15K monthly. The buyer doesn’t need experience in the hair replacement industry, but a background in sales and marketing would be beneficial.
FACILITY: This business operates out of Minnesota and partners with multiple locations nationwide.
EMPLOYEES: Fractional CEO, Fractional CFO, 1 branch manager, 2 consultants and 4 part-time artists. The CEO’s background is in sales and operational leadership. Both the CEO and CFO are willing to stay on for a while to ensure the transition is smooth.
GROSS SALES: 2023 sales were $1,584,374, with a cash flow of approx. $303,429, 2022 sales were $1,791,985, with a cash flow of approx. $356,519, 2021 sales were $1,916,238, with a cash flow of approx. $$447,552.
SALES PRICE: The seller is asking $900,000 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
IMPORTANT NOTICE: The above information has been provided by the Seller. Neither The 20/20 Group, Inc. (d.b.a. Opportunities In Business) nor its agents guarantee its accuracy or comprehensiveness. 8613 b.k.
