Business For Sale Listing 139280
Hair Salon Condo-Great Location-Fully Rented
Status as of Sep-6-2008 at 06:01 PM: Off The Market
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Business Summary
Asking: $295,000
Gross: $50,000
Cash Flow: $36,000
Furniture, Fixtures & Equipment: $10,000
Real Estate: $215,000 (included in price)
Summary Description
This beautiful salon condo would be an excellent investment for anyone interested in investing in salons or in commercial real estate. With a 20% down payment, you can achieve 37% ROI in the first year (without raising rents), and it goes up from there. Because the salon is fully rented and would stay so after the sale, you can buy a piece of real estate that will pay for itself while you work somewhere else. Minimal upkeep is required as the condo dues pay for water, utilities, and landscaping.
General Information
Facilities: This salon condo is located in a high end section of Raleigh. It has 1664 square feet. There are 7 chairs, each with private or semi-private room. The salon decor is very tasteful, with classic features. Parking is plentiful and convenient.
Competition: This salon is located on a main thoroughfare, in an upscale, safe, and beautiful section of Raleigh. The location insures the investment.
Growth and Expansion: While the salon is full and will stay full after the sale, the rental rates are a very low $135/week. Even a small increase will yield a substantial increase in revenue.
Support/Training: The seller will rent a chair in the salon for up to 3 years.
Reason Selling: Condo is paid off, seller wants to cash out.
Year Established: 1993
Employees: 7 full-time
Categories
| Industry: |
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| Location: |
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| Other: |
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Industry
Location
Financials
| Sales: |
Under $100 Thousand ($50,000) |
| Profits: |
Under $100 Thousand ($36,000) |
| Profit Type: |
Cash Flow |
| Asking Price: |
Between $100 Thousand and $500 Thousand ($295,000) |
