Hair and Spa Salon South Suburbs

Contact Seller
New Lease in Place with Landlord
Asking Price:
$182,500

Gross Revenue:
$1,092,222
Cash Flow:
$113,084
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$10,000
not included in asking price

FF&E:
$241,269
included in asking price

Share this business:

Business Description

This award winning hair and spa salon has maintained its excellent reputation and fantastic services for nearly 20 years. The Business is conveniently located in a high traffic area in a desirable Chicago suburb. The salon consistently makes over $1mm in annual revenues.

This business has been recognized numerous times over the past 10 years for its service levels and offers a total Salon experience for customers including Hair, Nails, Waxing, Facial Treatments, Skin Care and Massage. It’s truly a one stop destination for all its clients' unique and personal beauty needs. The Salon also does styling for bridal parties and other formal events and many of its stylists have been asked to participate in beauty shows and competitions.

The Company employs a full staff of Stylists, Nail Techs, Massage Therapists, Aestheticians and Front Desk Support. The Owner/Operator is active with hiring, scheduling, payroll and accounting and will offer a full training and transition for the new owner.

Interested buyers are required to execute an electronic NDA prior to the disclosure of the name and location of the Company. Please call Jim Peddle.

About the Business

Year Established:
1998
Number of Employees:
40
Real Estate:
Leased
Building Sq. Ft.:
3,167
Rent:
$7,125.75 Per Month
Facilities:
The Company operates out of a single 3,000+ sq./ft facility that includes a full-service hair salon, single rooms for massage therapy, and a shampoo station. The property is located in a shopping center and leased by a third-party landlord. The lease has been renewed for 2019.
Market Outlook/
Competition:
The Company has several direct competitors in the form of other beauty salons and spas in the Greater Chicago area. However, unlike its competitors, it has received numerous awards and its nail technicians and stylists have also been asked to participate in beauty shows and competitions.
Growth & Expansion:
The majority of the Company's new customers find the business through its website and customer referrals. Most of its customers are from its neighborhood but thanks to its excellent reviews its customer base has expanded to the Northern Suburbs. The company website has an up to date list of all the services the Company offers and the prices for each.
Contact the Seller

About the Sale

Reason For Selling:
Retirement
Training/Support:
The seller will stay on through a training and transition period and the staff will stay on in their current or expanded roles.
Seller Financing:
50000

Listing Info

ID:
1582664
Ad Detail Views:
0

Contact the Seller
Please confirm you're not a robot
Contact the Seller
Business Listed by

Jim Peddle

Playbook Corporate Advisory, Inc.
License# 310001536

 Show Phone Number

View My 16 Active Listings
U.S. Census Data for Cook County, IL
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Cook County, IL
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


Similar Listings


Report an Issue 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. See our full Terms & Conditions.