This well-established hair salon, located in the vibrant North Valley of Phoenix, AZ, has been catering to a loyal clientele since May 2015. Boasting approximately 1,200 square foot space equipped with 7 modern stylist hydraulic chairs, 3 shampoo bowls, a washer, and dryer, this salon offers the perfect opportunity for a stylist looking to start their own business or an existing salon owner eager to expand their operations. With a diverse team that includes a full-time stylist, a part-time stylist, and seasonal independent contractors, this turnkey salon is ready for a new owner to step in and continue its legacy of delivering top-tier beauty services. The motivated seller's desire to retire presents an exceptional chance for the right buyer to take the reins of this thriving business. Seller is willing to stay on for a period of time in order to ensure a smooth transition.
- Asking Price:
- $110,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $150,315
- Cash Flow:
- $106,108
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Total monthly rent of $1,433
- Premises Details:
-
This is a leased location of 1,000 square feet with a Total monthly rent of $1,433. Lease ends 05/2024 with negotiable options. Seller is active with 1FT and 1PT employees and 1 independent contractor. Hours of operation are 9am-5pm Tuesday-Saturday. $3,000 in inventory and $13,000 in FF&E included in the asking price. $8,000 made in leasehold improvements. Other Assets include Washer & Dryer. Cosmetology license, Business Establishment license required.
- Size in square feet:
- 1,000
Business Operation
- Reasons for selling:
-
Retirement
- Trading hours:
-
9am-5pm Tuesday-Saturday
- Employees:
- 1FT / 1PT / 1 Contract
- Years established:
- 10
Other Information
- Support & training:
-
2 weeks
- Furniture / Fixtures value:
- $13,000 - included in the asking price
- Inventory / Stock value:
- $3,000 - included in the asking price
