Get The Most Out Of Your Meeting Rooms
News & Events
ENLIGN Signs Multi-Location Tanning Spa Client
ENLIGN DEAL TEAM | 12/21/2004
ENLIGN Business Brokers has been selected to provide valuation, marketing and listing services by the owneship group of a profitable and growing multi-location Triangle area Tanning Spas and Salons. Tanning is a six billion dollar per year industry. ENLIGN has performed a professional business valuation report for each location to establish a competitive market price and will create a buyers information package, provide online marketing services, list the businesses for sale, and represent the seller in talks with potential buyers.
One location is valued at $185,000US based on seller discretionary cash flow [SDCF] multiples equal to the industry average. The other location, which has just completed it's first 12 months of operations is valued at $160,000 based on a combination of actual 2004 Seller Discretionary Cash flow multiples equal to the industry average, current asset market value, and conservative 2005 sales forecasts.
In marketing these opportunities to potential buyers, ENLIGN will provide professional marketing and listing services across five online business broker listing sites to maximize exposure. ENLIGN has affilaited with the top five online listing sites and also lists on the companies own website, www.enlign.com . Clients state that ENLIGN provides wider exposure with a professionally prepared message that reaches qualified buyers resulting in faster closings. Additionally, businesses represented by a broker having performed a proper valuation receive a higher fair market price at closing due to the quality of documentation and professional negotiation provided by the broker. Retaining a broker also frees the business owner to continue operating the business effectively without the added responsibilities of qualifying potential buyers, conducting initial interviews and meetings, negotiating alone or without the benefit of an experienced broker.
Business brokers receive a retainer when engaged by a seller of a business and are paid a commission at closing based upon the final selling price.
Additional information about these listings is available at the companies website or by calling Jeff Snell, ABI at (919) 341-8625.
About Enlign Business Brokers: Enlign Business Brokerage is a member of the International Business Brokers Association [IBBA] as well as the American Business Brokers Association [ABBA]. The company provides Seller Services, Buyer Services, Professional Negotiation, Valuation and Marketing Services.to small and medium business buyers and sellers in the South East region and nationally via the Enlign Business Brokers Affiliate program. For more information visit www.enlign.com .