Turn-key Hair and Tanning Salon For Sale

Asking Price$209,000

Cash Flow
$77,466
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$386,054

Inventory$8,000
Not included in asking price
FF&ENot Disclosed

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Turn-key Hair and Tanning Salon For Sale


Asking Price$209,000

Cash Flow
$77,466
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$386,054

Inventory$8,000
Not included in asking price
FF&ENot Disclosed


Seller Financing Available
Business Description
This longstanding, profitable salon has been serving clients for 25 years. Six hair stylists utilize the seven cut stations, four shampoo bowls, and three color stations. Three share-time employees and the owner serve at the reception desk and also book the five tanning rooms. The seller is willing to stay on after the sale if asked to do so.

This location is the only tanning salon in the area. Sales from tanning covers most of the overhead costs. The stylists work as W-2 employees on a commission split for hair services; no commission is shared on income from tanning. Vacation pay is the only benefit offered.

The buyer could hire an office manager to perform the seller's current tasks. The seller currently works 35 hours per week in the business. The salon is open six days per week.

In 2010 the business moved to its current location near the intersection of a highway and main road into town with average traffic counts of over 10,000 vehicles per day (Source: MDOT). An apartment complex is slated for development next to this location.

The seller owns the real estate and will negotiate a market rate lease with the buyer of the business. The business occupies 2,368 sf in a freestanding building. Lighted signage is prominantly displayed on the front of the building and there is ample dedicated parking at the front and side of the building. Inventory is additional, estimated to be between $8000 and $10000 in value.

For more details about the business, buyers are asked to complete an NDA and buyer profile. Contact the listing agent for further information or to request a showing.
About the Business
Years in Operation
25
Employees
9
Facilities & Assets
Freestanding building dedicated to the business.The seller owns the real estate and will negotiate a market rate lease with the buyer of the business.Lighted signage is prominantly displayed on the front of the building and there is ample dedicated parking at the front and side of the building. Excellent visibility from the street.
Market Outlook / Competition
The area is expanding with an apartment complex under construction adjacent to the salon. Location is situated about halfway between two larger market centers.
Opportunities for Growth
One more stylist could be added - one workstation is currently empty. Buyer can expand social media presence and advertising. Buyer also has the option of being open one additional day per week.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
2,368
Rent
$3,000.00 per month
About the Sale
Seller Motivation
Seller would like to turn management responsibilities over to someone else.
Transition Support
Seller is willing to train
Financing Options
Cash to seller at closing. Seller note is negotiable to a qualified buyer.
Listing Info
ID
2353821
Listing Views
448

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Business Listed by: Kathy DeVries Thrive Acquisition

Listing ID: 2353821 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 of Use. Learn how to avoid scams.