Sparkle Hair Studio
Listed by: Alicia Kalil, Allied Business Consulting LLC
Office Address: 1015 Elm St, Suite 201 A, Manchester, NH 0310
Contact: 603-793-9866 or
Asking price: $25,000
UNDER NO CIRCUMSTANCES SHOULD THE COMPANY, OWNERS, OR EMPLOYEES BE CONTACTED DIRECTLY
CONFIDENTIALITY AND NON-DISCLOSURE AGREEMENT
THIS AGREEMENT is made by and between the recipient of this document and Allied Business Consulting, LLC, a new Hampshire Limited Liability Company having an address of 1015 Elm Street, Manchester, New Hampshire 03101 (hereinafter "Broker").
WHEREAS the Company operates a Beauty Salon in the state of New Hampshire and is interested in negotiating a potential sale of the business to Buyer and/or his assigns;
WHEREAS Buyer has expressed interest in the business and may require the review of certain confidential financial records and proprietary business systems, patents, trademarks and models;
WHEREAS during the course of negotiations between the parties it may be necessary for each party to disclose certain proprietary information, financial statements, tax returns, customer lists, advantageous business relationships to the other; and
WHEREAS the parties intend by this agreement to fix the terms and conditions under which each party may review such confidential and proprietary information.
NOW THEREFORE for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:
1. The parties will preserve as confidential all Confidential Information, which they may obtain during the course of the negotiations. Without the prior written consent of the other party, which may be given or withheld in its sole and absolute discretion, neither party will (a) disclose any Confidential Information to any third party nor give any third party access thereto, nor will either party use any Confidential Information except in evaluating the contemplated business relationship; nor (b) disclose to any third party either the fact that discussions or negotiations are taking place, the terms, conditions or status thereof nor the fact that Confidential Information is being made available. The parties may share this information with its attorneys, lenders, financial advisor and accountants who shall agree to hold such information as proprietary and confidential and not to be disclosed to others.
2. The parties will use at least the same degree of care to avoid the publication, disclosure, reproduction or other dissemination of the Confidential Information as each employs with respect to its own valuable, proprietary information.
3. All documents, drawings, records, data bases, programs and other physical media of expression incorporating or containing any Confidential Information which come into a party’s possession or control are acknowledged to be the property of the other party and will be promptly surrendered to the disclosing party upon demand or upon the expiration or termination of discussions and negotiations.
4. For the purposes of this Agreement, the term ''Confidential Information'' means: (i) any and all information whether written or oral, furnished between and among the parties
(whether such information is prepared by or obtained from the parties or their authorized agents), together with business plans, financial statements, analyses, compilations, studies, customer lists, trade secrets, research and development, distribution methods and processes, price lists, market studies, computer software and programs, vendors and suppliers and all other documents prepared by the parties, their clients, partners, agents, employees or representatives (including without limitation attorneys, accountants, analysts and financial advisors) which contain or otherwise reflect such information; (ii) the identity of suppliers and customers and the nature and extent of the business relationships with such persons, (iii) the financial condition, results of operations, business plans, prospects, projections, employees, management, investors, products, strategies, practices and techniques and (iv) all information concerning the designs, methods, processes, developments, ideas and inventions. Notwithstanding the above, Confidential Information will not include any information that is or becomes public knowledge otherwise than by the non-disclosing party’s act or omission.
5. The parties agrees that monetary damages alone will not be a sufficient remedy for any breach of this Agreement and that in addition to all other remedies which may be available, the parties will be entitled to specific performance and injunctive or other equitable relief, without bond, as a remedy for any such breach or threatened breach.
6. To the fullest extent permitted by law, all of the covenants and agreements contained in this Agreement will survive the termination of any discussions or negotiations between the parties or the termination or expiration of any business relationship which may hereafter be established between the parties and will also survive any definitive agreements entered into by the parties hereto, unless and only to the extent that such definitive agreements expressly supersede the covenants and agreements contained herein.
7. This Agreement supersedes all previous agreements, written or oral, relating to the above subject matter, and may be modified only by a written instrument duly executed by the parties hereto.
8. In the event of any litigation between Buyer and Seller in connection with this Agreement, the unsuccessful party to such litigation will pay to the successful party therein all costs and expenses, including but not limited to actual attorneys' fees incurred therein by such successful party, which costs, expenses and attorneys' fees shall be included as a part of any judgment rendered in such action in addition to any other relief to which the successful party may be entitled.
9. All clauses and covenants contained in this Agreement are severable and in the event any of them is held to be invalid by any court, this Agreement will be interpreted as if such invalid clauses and covenants are not contained herein.
10. This Agreement will be construed according to the laws of the State of New Hampshire. Any suit brought hereon shall only be brought in the state or federal courts sitting in New Hampshire, the parties hereto hereby waiving any claim or defense that such forum or venue is not convenient or proper.
BUSINESS HIGHLIGHTS
Asking Price: $25,000.00
Location: 1 Broadway, Concord, NH03301
Customer Base: Over 2,000 Contacts in Client Database!
Size of Premises: (approximately) 600 Sq. Feet
Reason for Selling: Owner is moving onto different endeavors.
2015 Gross Annual Receipts: $126,051
Assets / Equipment / Inventory: Over $10,000 in furniture, fixtures, assets & equipment that come with the sale!
Lease: $618/month
Additional Expenses (averages):
Internet/Phone: $75/month
Insurance: $400/year
Electricity: $150/month
Water: $35/month
Gas: $80/month
Area of growth: Adjacent to salon, there is another space available; possibility of expanding!
Number of Booths: 3
Number of Wash Stations: 2
Number of Dryers: 3
All matching & all brand new!
Business Summary:
Are you tired of working for someone else? This is the PERFECT salon for you and a few close, competent colleagues to start your own Salon Business! Very low overhead and in an Extremely popular and busy area of Concord, NH. Owners willing to stay on board and pay a booth rental of $200/week (combined); that’s $800/month which pretty much covers all the overhead!
DEMOGRAPHICS
Courtesy of -
“Concord's vibrant downtown, healthy business community and wealth of cultural offerings make Concord the perfect place to raise a family, grow a business or explore New England's rich history, culture and natural areas. We hope you enjoy all that our community has to offer and, perhaps, choose to make Concord your home.”Courtesy of – Greater Concord Chamber Of Commerce -
ASSETS / EQUIPMENT
Quantity / Description / List Price / Total Value3 / AGS Styling Chairs / $489/each / $ 1,467.00
3 / Venus Plus by Highland Dryer & Platform Base Comb / $299/each / $ 897.00
2 / Trigger Back Shampoo Chairs / $419/each / $ 838.00
2 / Shampoo Bowls / $299/each / $ 598.00
2 / Overhead Collins Cabinets / $450/each / $ 900.00
3 / Tower Styling Stations / $399/each / $ 1,197.00
3 / Hexagon 1" Anti Fatigue Beauty Salon Floor Mat / $180/each / $ 540.00
1 / Diamond Cord WaterHog Commercial Floor Mat / $120/each / $ 120.00
4 / Black Leather Waiting Chairs / $260/each / $ 1,040.00
1 / Reception Desk / $660/each / $ 660.00
1 / Dell Computer Desk Top / $350/each / $ 350.00
4 / Salon Trollys / $90/each / $ 360.00
1 / GiGi Wax Warmer / $40/each / $ 40.00
Wall art – Clocks – Mirrors – Barrels – Small accessories – MUCH MUCH MORE INCLUDED IN SALE!
Over $10,000 in Assets & Equipment
Inventory is NOT included in asking price as we will not know what is on hand at time of sale