Full service salon, with custom suits and booths available for lease, fully licensed staff and highly qualified beauticians. Also part of the offering is the Separate Cosmetology School featuring full time and part-time Cosmetology Courses, Hairstylist Programs, Esthetician Programs, Nail Tech Programs, Cosmetology Instructor Programs, Waxing Tech Programs, all offered under the guidance of licensed and qualified instructors. Students may be eligible for State and Federal tuition assistance. This is a balanced businesses with a full service salon attached to a full service Cosmetology School, all located in a new custom commercial building with all new top shelf equipment. Currently on the Salon side, there are 9 independent operator with 5 suites leased and 4 booths leased. On the School side, there are two full time instructor/managers, plus one part-time instructor and the owner. There are 17 full time students enrolled. This is a turn-key opportunity.
- Asking Price:
- $325,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $455,967
- Cash Flow:
- $166,402
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
Beautiful new 5,000 sq ft custom building divided between the salon and school offering ample shared customer parking and semi-private parking on the side for the instructors and staff, located in an active shopping center, in the new area of town with fast food and sit down restaurants within walking distance, several hotels, a Home Depot and other amenities. The Cosmetology School side of the building features a reception area, administrative offices, teaching area including 4 manicure stations, 3 pedicure stations, 3 shampoo bowls, 8 hair stations, study area, classroom, bathrooms, locker room, break area and laundry area. The saloon side of the building features five private suites for lease, 5 separate hair stations, 3 shampoo bowls, 2 pedicure stations, 2 nail tech stations, break area, locker room, laundry area, bathrooms and separate back doors with access to the equipment. A very nice and well thought out floorplan.
Business Operation
- Expansion Potential:
-
Good potential for growth in a very steady industry.
- Competition / Market:
-
Typical competition from franchise hair-cutting outlets and small one or two person beauticians. This opportunity is the only full service spa with all of the equipment and the only Cosmetology School in the area. Cosmetology programs are popular because they offer greater flexibility than a traditional 2 or 4 year program, are much less expensive, and focus on real-world practices. Students learn how to show up on time and work while learning their craft and developing a customer base. This is a win-win for everyone involved.
- Reasons for selling:
-
Owner is ready to retire and spend more time traveling.
- Trading hours:
-
Monday-Friday 8am-5pm
- Employees:
- 2 FT/1 PT
- Years established:
- 5
Other Information
- Support & training:
-
Will train for 4 weeks @ $0 cost.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
$292,500 down/$32,500 over 36 mos. @ 7%.
- Furniture / Fixtures value:
- $50,000 - included in the asking price
- Inventory / Stock value:
- $10,000 - included in the asking price
