Hawaii – Cosmetology/Massage School
Great Cashflow & SBA Prequalified
This business provides training to their students in the areas of Cosmetology, Hair Dressing, Esthetics, Nail Technology, Barbering, instructor Training, and Massage Therapy. The company holds an Accreditation through NACCAS an independent accrediting commission since 1969 and also Title IV Funding approved, VA Approved and approved for Exchange Visitor Program (SEVP). The combination of the facility, instruction and vendors set standards that are intended to put student on par with contemporary high-end salons and prepped for any State Board Exams. The school is proud to be licensed through the State of Hawaii as a clock-hour School. Students can choose the full cosmetology program or any course individually. The school accepts financial aid and VA funding for qualified military and their families. The company has a proven track record of successful graduates who are confident, qualified, and capable of entering the salon environment as professionals.
The business has been qualified by Diamond Financial Services for a qualified buyer to obtain an SBA 7(a) business acquisition loan including working capital; terms: down payment of $209,300 (15%), 10-year term, interest rate of Prime plus 2.75%, variable.
Listing ID: Cosmo
Type of Entity: S Corporation
Year Established: 2003
Industry or Business Category: Cosmetology and Massage School
Asking Price: $900,000
Inventory included in the Price: $20,000
Tangible Assets (F,F&E): $30,000
Non-Compete: 10 years in Hawaii
Training: 2 weeks; 40 hrs./wk.
Sale Reason: Moving to Mainland & Retirement
Buyer to negotiate with landlord lease – current provisions:
5/15/2012 5-year term, 2 x 5-year options
Base Rent $11,966
Water (range is $150-$200) a month
General Excise Tax “GET” $731mo
Total approximately $18,422 monthly
COMPETITION & Pros and Cons of Business
They are the only approved school of their kind on this Hawaii island, and it also takes about 3 years to start a school and become certified for financial aid.
Sellers Discretionary Earnings over $450,000 in 2021 & 9 years building the reputation
Only Accredited Cosmetology school on the island
Only Cosmetology school on Maui that offers tuition assistance for students
Financials are audited annually which represent the highest standard of accounting
Their last price increase was a few years ago and are due for a 5-10% price adjustment soon.
Can open later hours or get more instructors to provide more services as the company has a 6-month waiting list for entry.
LICENSING REQUIREMENTS (if any)
All licenses are transferable, and no individual licenses required
To receive a detailed Confidential Business Profile with tax return and audited financials please contact Hawaii Business Sales.