Cut Rate Pricing on a Beautiful & Operational Hair Salon

Genesee County, MI

Seller Financing Available
10K Down & You Could Own This Business

Asking Price:$24,500

Cash Flow:N/A

Gross Revenue:N/A

EBITDA:N/A

FF&E:$7,000

Inventory:N/A

Lease Rate/Sq. Ft.:$4.07

Established:2015

Cut Rate Pricing on a Beautiful & Operational Hair Salon

Get Financing Save Print Share Valuation Report

Business Description

There are certain business listing that we price using standard valuation methods, and others that we discount to facilitate a quick sale. This is the latter of the two options, something which we rarely encounter. With the seller providing financing with only a 10K down payment, it is clear that they sincerely want to give someone else the chance to enjoy this wonderful opportunity and to watch it prosper from a distance.

The current owner opened this business with the intentions of letting a managing partner handle the day to day operations. Unfortunately, as is so often the case, this did not work out as planned and now she is in a tough position. As an active full time operating owner of a successful health care business the majority of her time is tied up, and health issues that she is struggling with do not help the matter. The decision to sell this business has not been easy but is being done out of necessity at this point.

There is only one current stylist that they have kept working at the salon, and she simply pays a weekly rate of $100 which is amazingly almost enough to cover the basic business expenses. A new owner will thus be able to hire their own staff, paying them in any way that they best see fit.

Anyone with even a little bit of experience in the industry will be able to step right in and turn this into a profitable operation quickly. With an extremely low rental rate and utilities costing only ~$100 per month, it makes it very hard to lose here. Contact Broker today to schedule a showing - this listing will not last long.

Detailed Information

Real Estate:
Leased
Building SF:
1,400
Lease Expiration:
N/A
Employees:
1
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This hair salon is perfectly situated in an end unit in a beautiful plaza with a gross rental rate that you absolutely can not beat. The establishment currently has 3 fully equipped work stations and with room to expand to add one more in a separate / private room. In the past this additional space was used for a massage therapist and manicurist, both of which increased revenues substantially. The interior is in in immaculate condition and there is ample parking to accommodate high volume traffic.
Competition:
The number of competing local hair salons is low compared to national averages, and the majority of these other establishments are the Franchise bargain / discount type of business.
Growth & Expansion:
The current client base is under served in the community, and applying some further focus on the mature demographic segment shows a lot of promise. Conversely, a motivated individual could also easily transition the business model into one that serves a younger and more progressive clientele; with the university literally right down the road there will continuously be a nearly endless supply of new customers that need these services.
Financing:
With Only 10K Down
Support & Training:
Seller is willing to provide 1 week of training at no additional charge.
Reason for Selling:
Health & the Loss of a Managing Business Partner

Listing Statistics for Premium Members

Ad#:1299985 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.

Contact the Seller

Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Richard Goodman

Business Listed By:
Richard Goodman

Equation Capital Group

Show Phone Number

View My Listings

Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business.

Find out more...

Get more details about this business.


Similar Listings


Waxing the City

Franchise Opportunity
Capital Required: $117,000