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Established Salon With Real Estate In Michigan For Sale

Michigan, US
Asking Price:
$139,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$264,352
Cash Flow:
$114,666

This opportunity is a customer and quality focused hair salon offering a range of hair services including cuts, styling, coloring, and specialty treatments. The salon features semi-private hair styling stations, ensuring customer privacy during hair services. Additional offerings available include massage, nail care, and tanning.

With over 30 years of operation in the local community, the salon has cultivated a large and devoted customer base, earning an outstanding reputation for its services. The business boasts an impressive Google rating of 4.8 stars, reflecting its commitment to excellence.

The salon operates with multiple independent contractors, all of whom pay a chair rental fee. This business model significantly contributes to the salon’s revenue. In 2022, the salon achieved a revenue of $264,352, signaling a steady return to its pre-covid earnings. The facility is also available for purchase for $500,000.

Thank you for reading this overview. The extent of the information that we are publicly permitted to reveal about this opportunity is contained in this overview. Please submit your contact information in the provided form. We have automated the processing of non-disclosure agreements (NDAs) and sending of information for speed and efficiency.

You will be sent a link to our online NDA. IF YOU DO NOT RECEIVE THE NDA LINK OR A FOLLOW-UP EMAIL AFTER YOU SUBMIT YOUR NDA, PLEASE CHECK YOUR JUNK MAIL. If the NDA email cannot be found, please email and request a PDF version.

Once we receive your NDA, the Confidential Business Review (CBR) will be sent to you will be sent to you from the advisor. They will be happy to correspond and answer your questions directly. Thank you for your time!

Property Information

Real Estate:

Real Property Included

Location:

Greater Lansing

Premises Details:

Includes 13 semi-private hair styling stations, a reception area, a massage room, a laundry room equipped with an in-unit washer and dryer, and a break room.

Business Operation

Expansion Potential:

Growth Opportunities:
(1) Implement Marketing
(2) Increase Retail Sales
(3) Update Company Website

Competition / Market:

Investment Highlights Include:
(1) Established Customer Base
(2) Diverse Service Offerings
(3) Excellent Local Reputation

Reasons for selling:

The owner is seeking to transition into retirement.

Employees:
6
Years established:
33

Other Information

Support & training:

Ownership is willing to provide reasonable and customary transition assistance.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Limited seller-financing is available for qualified buyers.

Furniture / Fixtures value:
$125,000 - included in the asking price
Inventory / Stock value:
$7,500 - included in the asking price