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Hair Salon
| Asking Price: | $75,000 | Inventory: | $1,000 ++ |
| Gross Revenue: | $279,000 (comments below) | Real Estate: | n/a |
| Cash Flow: | $35,000 (comments below) | FF&E: | $25,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: Gross revenues can only grow. Bus did well considering the economy! | |||
| Cash Flow Comments: Rent Reduction, Amortization, Interest, Processing charges | |||
11-Year Old Business Loyal Customers & Most Stylists will Stay!!
Great Opportunity for an owner/operator with a client base in the area to build on a solid base.
- Will earn more than $279,000.00 in 2009.
- 11-year old business in the City.
- Neighborhood Salon has many walk-ins from large surrounding communities.
- Stylists (5) and Manicurist (1) will stay.
- 1 owner is willing to stay, willing to be paid via commission.
- Negotiated Rent Reduction.
- Rent is extremely competitive within the local market.
- Low Rent.
- Has a room that can be rented for waxing, facials, etc.
- Will consider making new owner(s) a loan for 25% of purchase price. Payable over 2-years, 6.5% Interest. Payments can be made during October – May and none from June – September of each year to help debtor during slower summer months. 16 equal payments.
- Has 10-hair Stations.
- Has 2-manicure stations.
- Has 10-Hair dryers.
- Has 3-shampoo sinks.
- Washer/Dryer – full sized and 1 ½ years old with additional warranty for another 1 ½ years.
- New Owners can keep the name and goodwill for the Salon (11-years in Boynton Beach).
- Sale includes Furniture, Washer/Dryer (1-yr old), Cash Register, Reception Desk, Dryers, Stands, Stations, Chairs, Etc.
- DOES Not Include Items or Equipment in the Facial Room, as this belongs to renter and does not belong to Salon.
- Will earn more than $279,000.00 in 2009.
- 11-year old business in the City.
- Neighborhood Salon has many walk-ins from large surrounding communities.
- Stylists (5) and Manicurist (1) will stay.
- 1 owner is willing to stay, willing to be paid via commission.
- Negotiated Rent Reduction.
- Rent is extremely competitive within the local market.
- Low Rent.
- Has a room that can be rented for waxing, facials, etc.
- Will consider making new owner(s) a loan for 25% of purchase price. Payable over 2-years, 6.5% Interest. Payments can be made during October – May and none from June – September of each year to help debtor during slower summer months. 16 equal payments.
- Has 10-hair Stations.
- Has 2-manicure stations.
- Has 10-Hair dryers.
- Has 3-shampoo sinks.
- Washer/Dryer – full sized and 1 ½ years old with additional warranty for another 1 ½ years.
- New Owners can keep the name and goodwill for the Salon (11-years in Boynton Beach).
- Sale includes Furniture, Washer/Dryer (1-yr old), Cash Register, Reception Desk, Dryers, Stands, Stations, Chairs, Etc.
- DOES Not Include Items or Equipment in the Facial Room, as this belongs to renter and does not belong to Salon.
About the Business
Year Established:1998
Employees:4 full time - 3 part time
Facilities:Leased premises of 1,300SF (+) in a strip mall. Long term Salon location. Mall is used by a community with over 2,000 residences. Mall affords many walk-in opportunities.
Market Outlook and Competition:The business has a long term and loyal customer base. It has a steady flow of business throughout the year, peaking during winter season, as do most similar businesses.
About the Sale
Management Training and Support:We will meet with new owner(s) on a monthly basis to assist and guide during the 2-year loan period. One of the owners will stay on board after the sale on a commission basis. Can also serve as manager or assistant. Well liked by staff and the community.
Reason For Selling:Business is owned by 2-partners and it is time to move on.
Seller Financing:Will Finance 25% of price for 2-years @ 6.5% interest. 16 Payments. Schedule payments from October thru May and no payments from June - September (Summer months) to assist budgeting. We will meet with new owner(s) on a monthly basis to assist and guide during the 2-year loan period.
KEYWORDS: Excellent rent. Affordable terms. Financing Available. Training and assistance. Good opportunity for an owner/operator. Build up good will. Well known with community. Great potential. Steady & Stable!
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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