Accredited Cosmetology School - This School Makes money
Memphis, Tennessee
DESCRIPTION:
A successful well established Southern Cosmetology School with a two campus License allows the addition of two more locations. Development of additional campuses are in the process. In business for over 22 years. accredited, Title lV approved. Employers look to school for salon staff. Sound operating guidlines and infrastructure fosters smooth operations with an efficient staff. Active cash flow from clinics. Excellent potential to increase enrollments. A proven " Money Maker".
The Real Estate of one location with additional tenant income is available. Institutional financing available. ASK FOR NDA #1073 AND RECEIVE THE COMPLETE OFFERING MEMORANDUM.
Facilities: Two separate locations each 7,200 square feet. Located within community shopping centers on major thoroughfares. Each campus has reception area clinics, administrative offices, classrooms, dispensaries, facial rooms, manicure and pedicure rooms fully equipped. The School is licensed to open two additional branch locations. Current plans to expand new locations are underway, adding to gross revenue.
Competition: Well managed and staffed. Continuous enrollment, excellent operations and student success. Three other competitive operations in the city. Some smaller " Mom and Pop" Schools. The subject has a long established proven history.
Growth/Expansion: The Schools have a long and successful history with the capacity to increase enrollment within the existing campuses. Under license requirements, the School is allowed to open two additional branch campuses. Management is actively seeking additional locations. Management has instituted a 10% tuition increase that was effective July 1, 2007.
Financing: Pre-qualified for Instututional Financing
Support/Training: Seller will be available as needed for orderly transition and training.
Reason Selling: Retirement
- Asking Price $2,200,000
- Inventory $50,000*
- Gross Income $1,644,000
- Real Estate $2,300,000**
- Cash Flow $583,000
- Year Established 1984
- Furniture Fixtures & Equipment $200,000*
- Employees 16+
* Included in the asking price
** Not included in the asking price
CONTACT INFORMATION
Ad #: 267483
AVW Enterprises
Email Us
757.353.4408 (Leave A Message)
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