Hair Salon
| Asking Price: | $69,900 | Inventory: | $6,200 ++ |
| Gross Revenue: | $318,800 (comments below) | Real Estate: | n/a |
| Cash Flow: | $29,900 (comments below) | FF&E: | $40,500 ++ |
| ++ included in the asking price ** not included in the asking price |
| Gross Revenue Comments: 2008 Gross Revenue |
| Cash Flow Comments: Discretionary Income |
This salon genuinely represents an exceptional opportunity for a stylist, who is looking to be a salon owner. Since stylist compensation is primarily on a 50% commission (one station is rented), which produces enough surplus revenue that an acquiring stylist should be able to retain all of the revenue generated from their station, and have their stylist supply costs paid by the salon. Based on the present schedules of the existing stylists, the current owner believes more stylists could be added, effectively increasing both sales and profits for the salon, by a sharing of stylists stations. There is one additional open station, also available.
About the Business
Year Established:1999
Employees:7 full time - 3 part time
Facilities:Approximately +/- 1,700 Sq.Ft. Leased at $ 2,858 per MOnth.
Market Outlook and Competition:Even with economic conditions, sales revenue for the salon is stable. As of September: 2009 varies from 2008 by only 3.5%, which is likely to be considerably better performance than many others.
About the Sale
Reason For Selling:More family time.
Seller Financing:The seller is not offering any financing.
KEYWORDS: Hair Salon
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