BEAUTY SALON/SPA FOR SALE

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22 YEAR OLD FAMILY OWNED SALON IN ESTABLISHED SHOPPING CENTER/OWNER RETIRING
Asking Price:
$40,000

Gross Revenue:
 Not Disclosed
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
$9,000
included in asking price

FF&E:
$77,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

After 22 years of family ownership, the current Owner has decided to retire. As a result, the Salon is now FOR SALE. The Salon includes 1,600 square feet of space located in the Brenneman Farm Shopping Center in Virginia Beach and is adjacent to the Harris Teeter grocery store.

The Sales Price includes the following:

INVENTORY - approximately $9,000 in retail and professional products
FURNITURE/IMPROVEMENTS/EQUIPMENT - approximately $77,000
STYLING AREA - TEN stylist workstations, each including wall-mounted mirror, cabinet unit and hydraulic chair
MAKEUP AREA - one workstation including wall-mounted mirror, countertop and swivel chair
PEDICURE/MANICURE AREA - two pedicure/manicure chairs and one separate manicure workstation and storage cabinet
DRYER AREA - three hairdryers with individual chairs
BACKBAR AREA - built-in cabinets/countertops with four shampoo bowls and four adjustable chairs
WAX ROOM - private wax room with adjustable/reclining chair, storage cabinet on rollers and high-intensity adjustable light fixture
COLOR/BREAK ROOM - product storage cabinets and adjustable wall-mounted product shelving with utility sink, full-size refrigerator, microwave and toaster oven
LAUNDRY ROOM - clothes washer and dryer with utility sink and wall-mounted shelving
RECEPTION AREA - six chairs/three glass retail product displays/large front desk/two year old computer and printer
REAR ENTRANCE - multiple storage cabinets with hanging rod for coats/smocks/capes

Landlord has indicated a willingness to enter into a new lease that would provide SIX MONTHS FREE RENT in exchange for a sufficient term length

THE SALES PRICE FOR THE SALON IS $40,000 ALL-CASH OR $20,000 CASH DOWN AND AN ADDITIONAL $30,000 IN THE FORM OF A NON-INTEREST LOAN PAYABLE IN QUARTERLY INSTALLMENTS OF $2,500 OVER THREE YEARS

About the Business

Location:
Virginia Beach, Virginia
Year Established:
1997
Number of Employees:
7
Website:
www.marshallshairdesignandspa.com
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About the Sale

Reason For Selling:
Current Owner is retiring
Training/Support:
Current Owner is willing to assist New Owner in learning the existing computer software, financial and accounting matters and in retaining
existing clients and employees
Seller Financing:
SALES PRICE IS $40,000 ALL CASH OR
$20,000 CASH DOWN AND AN ADDITIONAL $30,000 IN THE FORM OF A NON-INTEREST LOAN PAYABLE IN QUARTERLY INSTALLMENTS OF $2,500 OVER THREE YEARS

Listing Info

ID:
1461781
Ad Detail Views:
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Business Listed by
Bob Marshall

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