Beautifully designed 16-year-old two-floor hair salon with 16 chairs and ceilings with chandeliers... $500k spent on buildout...The average client ticket is $150–200, with around 90% of gross income coming from credit card transactions. Business is highly profitable, and both owners of businesses do not even cut hair—only manage and perform bookkeeping and accounts receivable. There is a big potential to increase seller discretionary earnings if the new buyer is a hair stylist and brings in their clientele, and if the new owner is able to find more hair stylists to fill up all 16 chairs. The sky is the limit. Reach out today for more details!
- Asking Price:
- $800,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $1,100,000
- Cash Flow:
- $256,000
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Monthly Rent: $21,000.00
Lease Expiration Date: March 1, 2031, 12:00:00 AM
Business Operation
- Expansion Potential:
-
-Big potential to increase seller discretionary earnings if new buyer is a hair stylist and brings in their clientele.
- Fills all of the 16 chairs that are available for use.
- Competition / Market:
-
No other really nice salons for higher end clientele in a 5 block radius
- Reasons for selling:
-
Other Business Interests
- Employees:
- 12
- Years established:
- 16
Other Information
- Support & training:
-
Number of Weeks Seller Will Offer Training: 4
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Owner Terms: $200,000.00 Interest: 10% Term Months:24 Monthly Payment: $9,229.00
- Furniture / Fixtures value:
- $150,000 - included in the asking price
- Inventory / Stock value:
- $15,000 - included in the asking price
