Description

Established 24 years ago, this profitable beauty salon features a corner location on an exceptionally high-traffic main street, in a charming building, with ample parking.

Awarded the longest standing woman-owned business in the city, pride of ownership is evident as you enter the enchanting full-service salon which offers hair styling, manicures, pedicures, facials, massage therapy, make-up, and associated services. This large-scale salon boasts (16) Hair Styling Stations, (6) Manicure Tables, and (2) Private Rooms for Esthetician and Cosmetologist services. Cosmetologists are on both a commission and rental fees, and the owner is not a hair-stylist. Less than half of the Hair Styling stations are occupied, therefore there is plenty room for growth. Ergonomic workstations have been thoughtfully appointed with vintage styling chairs made with solid chrome and refurbished leather seats that stand the test of time. FF&E investment is approximately ± $100k. Floors were redone at a cost of $20k.

Due to its’ popularity, the salon grew to eventually occupy (3) retail spaces. In addition to a standard kitchen and laundry facility, uncommon features include (3) three entry doors, (2) two master bathrooms, (2) two water heaters, and an 8-Ton Air Unit. A large-scale restaurant/bar will soon occupy the property next door, and should increase foot traffic tremendously. The owner would like to retire, but is happy to remain as a manicurist during the transition.

*This business is being sold as a Sale of Assets in Place. Any figures in the package are as per the Seller and Broker has not verified. Seller estimates the Gross Revenue to be approximately $180,000 and the Cash Flow to be approximately $115,000. Buyer to complete their own investigation of available books and records during Buyer’s due diligence period and prior to opening escrow.

Posted Mar 23, 2015

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