Beautifully Built Out Hair & Nail Profitable Must See!1

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Asking Price:
$119,500

Gross Revenue:
$240,000
Cash Flow:
$65,000
EBITDA:
$65,000
Inventory:
$1,500
not included in asking price

FF&E:
$100,000
included in asking price

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Business Description

A beautifully well maintained hair and nail salon in a great location. Established business for 13 years. Profitable. SELLER WILL STAY ON AS AN EMPLOYEE (STYLIST) AFTER THE SALE. DETAILS WILL BE WORKED OUT WITH THE NEW OWNER. For a detailed package of information, contact Mike at 301-675-1292 or mike@saedlogroup.com.

About the Business

Year Established:
2005
Number of Employees:
4
Real Estate:
Leased
Building Sq. Ft.:
1,400
Rent:
$5,100.00 Per Month
Lease Expiration:
9/1/2023
Facilities:
1400 square feet, 8 stylist chairs, 3 shampoo stations, 2 nail and pedicure stations, 2 massage rooms. Rent is $5,100 a month.
Market Outlook/
Competition:
Nothing new
Growth & Expansion:
If the next owner can bring their "book of business" and the fact that the seller and staff will stay on, it could be a very lucrative acquisition .
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About the Sale

Reason For Selling:
Would like to free up some personal time
Training/Support:
Yes, seller prefers to stay on for an extended period of time as a stylist. Details can be worked out with new owner.
Seller Financing:
Financing available through broker

Listing Info

ID:
1549556
Ad Detail Views:
225

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Business Listed by

Mike Saedlo

Mike Saedlo Group, LLC

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