Business For Sale Listing 143943
Hair Salon
Status as of Dec-2-2008 at 06:01 PM: Active
Business Summary
This 1,000 s.f. Hair Salon has 4 stations, 2 sinks, 3 dryers, upright tanning booth +++. It is a full service salon doing men's, kids, women's haircutting with color services, perms, wash & blow, chemical relaxing, eye, lip, chin waxing and specials for bride & wedding parties.
Owner started business in 1997. With 11 years, and a friendly, honest, hardworking staff this salon has developed a loyal customer base. Owner wants to move so wants to sell. Will work for new Owner and help transition customers.
Ideal location for new and experienced cutters wanting to go into business for themselves. Why pay someone else when you "could keep it all". Someone already in the business can take advantage of this businesses revenue stream and do their business here with the business paying all or most of the overhead - work in your place for next to nothing!
Hours of operation are Mon 9 to 5, Tu, Wed, Thur 9 to 8, Frid 9 to 5 and Sat 8 to 1. There are 4 stations. Including the Owner there are 4 cutters, 2 helpers and 1 receptionist.
Sales revenue is estimated over +/- $279,000. Labor is +/- $135,000. Owner's Cash Flow at this volume is estimated over $73,000. Depending on how much of the current Owner's business the new Owner will do vs. what the existing cutters might do, the cost of this work could be as much as $47,000 or as little as $0.
The store +/- 1,000 s.f. It has the work area, bathroom, reception area, tanning booth area, mixing area, washer, dryer, refer etc. Current rent is $1,000 per month plus sewer. Rent includes garbage, snow removal and outside lighting. New lease would have to be negotiated with landlord. Expect a slight monthly increase - but who knows?
Owner will finance a qualified Buyer with 50% down over 1 – 2 years at 10% interest.
Categories
Industry
Location
Financials
| Sales: |
Between $100 Thousand And $500 Thousand ($270,000) |
| Profits: |
Under $100 Thousand ($73,300) |
| Profit Type: |
Seller's Discretionary Cash Flow (SDCF) |
| Asking Price: |
Less than $100 Thousand ($99,900) |
