Award Winning Hair & Spa Salon

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Over $1mm in Annual Revenues
Asking Price:
$175,000

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

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

FF&E:
$241,469
included in asking price

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Business Description

This must see salon specializes in many different styles and services and offers a unique experience that generates both new and repeat clients. Business is conveniently positioned in a high traffic area and located 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 client’s personal beauty needs.

The Company employs a full staff of Stylists, Nail Techs, Massage Therapists, Aestheticians and Front Desk Support. The Owner 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
Lease Rate/Sq. Ft./Mo.:
$2.25
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 is up for renewal in 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.
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About the Sale

Reason For Selling:
Retirement
Training/Support:
The sellers 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:
1550204
Ad Detail Views:
974

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Business Listed by

Jim Peddle

Playbook Corporate Advisory, Inc.
License# 310001536

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

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

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