Great opportunity to take over this established membership-based studio at a fraction of the normal startup cost. This membership-based business (franchise) provides lash extension, facial waxing, and brow enhancement services, with the potential for a new service line being added in the future. This studio is located in a busy and prominent area in a western suburb of the Twin Cities Metro with a lot of growth potential. The current owner is largely absentee, so a new owner could either continue like that or become more involved to expedite growth. This studio has a licensed salon manager in place with 4 stylists on staff. The asking price of $275,000 includes the start-up/build-out costs and the turn-key business with licensed staff and annual membership-based business. Owner has 1 additional studio for sale in the West Metro that has been operating for 1 year. For more information on either business, please contact Christopher Lappen.
- Asking Price:
- $275,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $383,054
- Cash Flow:
- $62,422
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Net
Expires 11/30/2027
5 yrs x2
- Leasehold Rent:
-
$85,992 per annum
- Size in square feet:
- 1,818 sq ft
Business Operation
- Reasons for selling:
-
Other interests
- Trading hours:
-
M-F: 9am-8pm Sat: 9am-7pm Sun: 9am-5pm
- Employees:
- 4
- Years established:
- 8
Other Information
- Support & training:
-
Negotiable
- Furniture / Fixtures value:
- $40,000 - included in the asking price
- Inventory / Stock value:
- $2,000 - included in the asking price
