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- RE: Profitable Hair Salon With Rented Chairs
- Contact: Rob Gray
Quick Facts
Asking Price: | $65,000 | |
Annual Revenue: | $126,244 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $67,416 | |
Total Debt: | Not Disclosed | |
FF&E: | $30,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2009 | |
Employees: | 5 | |
BBN Listing #: | 944483 | |
Broker Reference #: | 041621-266401 |
Business Overview:
This is your opportunity to own that hair salon you have been looking for! With stylists in place, along with a local and loyal clientele, this one is no brainer. There is still room for growth with 7 work stations. Five stations are rented and filled with two still available. Very modern looking with excellent upgrades in a high traffic strip mall. Owner is willing to stay on and rent a chair. The ideal candidate for this opportunity is a stylist that is looking to bring their clients and additional staff. The owner has had 15 years to dial in what works at this location and she's willing to impart that knowledge on to the next owner. If you're in the salon and/or salon suites category, please reach out for details, before this one is no longer available. Motivated seller and great upgrades such as the HVAC, updated sinks, new roof on building (via landlord), new breakers, etc. Just the cost of building out a salon with the proper plumbing is more than the pricing of this listing and this opportunity comes with cash flow!
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Property Features and Assets:
Monthly Rent: $2,057.00
Square Units (Foot, Meter): 1,100
Lease Expiration Date: March 1, 2025, 12:00:00 AM
Terms Options: 5 year extensions.
Market Competition and Expansion:
Expansion: Practically unlimited with two work stations still available and/or raising of rent for current chairs. They are currently turning away business due to the lack of hours and staff to cover the clientele.
Reason for Selling:
Personal ReasonsAdditional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
- View more Illinois businesses for sale
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