Retail - Apparel & Accessory Stores | Services - Beauty & Barber Shops

$Seller Financing Available

Asking Price	$180,000	Inventory	$200,000*
Gross Income	$360,000	Real Estate
Cash Flow	$102,000	Year Established	2003
FF&E	$30,000*	Employees	1 f/t

* included in the asking price

** not included in the asking price

This is a beauty supply business located in a south Memphis neighborhood. The owner started this business six years ago when he leased the space of a former Super D drug store. The size of the building is 5,000 square feet. Owner states that he buys inventory from six wholesalers and his overall profit margin is 40%. The store is open six days per week, Monday thru Saturday from 9am to 7pm. The owner states that he is netting between $7,000 and $8,000 per month after his monthly expenses are paid and that he is selling because he is tired and ready to retire. Average Monthly Expenses: Rent: 1500 Utilities: 400 Insurance: 180 Wages: 1290 Alarm: 90 Telephone: 75 Total Purchase Price: 180,000 with a down payment of 90,000 and a note of 90,000 @8% interest for 60 months payable @$1837 per month.

Seller Financing Available: Yes

Financing: Down payment of: 90K and a note of 90K@8% interest for 60mo $1837/mo

Support/Training: Seller will train new owner for a mutually agreed upon period of time.

Reason Selling: Retirement