Business Summary:
Full service salon in well established high traffic shopping center with multiple anchors located between three very upscale neighborhoods. This is offered as a turnkey operation. The salon looks inviting with lots of natural light and has a beautiful interior with excellent layout, original build-out and improvements in excess of $165,000. . Good parking, lease and exposure. There is a beautiful, professional website. Salon would be a great acquisition for a current stylist(s) or a buyer looking to relocate an existing business. This is priced right for experienced stylists or entrepreneurs who want a turn key business. You can save time and money with this beautiful salon. Business has been constantly growing since it was opened last fall. At current rate of growth, first year cash flow should exceed $100,000, but the salon can support annual revenues of multiple times that with the right management, staff and promotional campaign. Be sure to grab this great opportunity.
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| Year
Business was Established: 2009 |
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| Number of Employees:
3FT/1PT |
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| Facilities / Terms of Lease:
1,500 sq. ft. Monthly rent $1700 plus cam, taxes, and insurance.8 regular hair stations, 3 color stations in color room with color bar and 1 shampoo sink/chair, 3 brand new backwash sinks, 2 dyer/dryer chairs, 1 nail station, 1 pedicure throne, complete facial room set-up. Also includes washer, dryer and refrigerator in generous dispensary/break room. Custom built reception desk, computer, phones, printer, scanner, receipt printer, reception seating, and retail shelving all make the reception area very workable and excellent impression maker. Very clean and neat – appears brand new, all custom cabinetry. Present assumable lease expires September 30, 2012 with three year option to renew. Excellent lease. Excellent high traffic neighbors. Sufficient, easy access parking. |
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| Potential
Growth/Expansion:
An advertising campaign utilizing the local area newspaper, ad-words on Google, Yahoo, Bing, etc., marketing through the Chamber of Commerce, and mailings to local subdivisions would drive plenty of additional traffic to the salon. Two busy upscale stylists will pay for all the overhead. |
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| Competition:
Several shops in area - all do good business. This salon has successfully promoted their upscale services while maintaining prices a little lower than the local upscale competition. |
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| Owner
willing to finance:
$37,500 down, balance at 8% over 3 years for qualified buyer. |
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| Owner
willing to train:
Seller will provide 8 hours of training as part of purchase price, or an additional 25 hours for a nominal fee. |
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| Reason for selling:
Business owner has not provided services and has other business interests. |
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Seller Reference Number: bm971794069
BusinessMart.com Listing Number: 76016 |
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