Seller Financing Available
Gross Revenue: N/A
Rate/Sq. Ft.: $24.80
Extremely High-End Beauty Salon and Boutique for Sale - Best Offer
Extremely High End Beauty Salon and Fashion Boutique for Sale - Best Offer-
This is a very high end hair salon/beauty boutique where woman clients can receive the full complement of salon beauty services – from hair styling, manicure, pedicure, makeup, eyebrow shaping, hair removal, vein treatment as well as bridal gown and jewelry consultation with the sale of the highest quality of dresses and jewelry. Everything about this salon is of the highest quality – the equipment, the lighting, the ventilation, the design and the services. It is located in an affluent westerly suburb of Chicago in the immediate neighborhood of several additional affluent north and western suburbs of Chicago. This salon was just opened a few months ago by a couple, the wife being a hair stylist and esthetist and the husband helping to finance and oversee the build-out and advertising of the business. Unfortunately, the wife recently suffered a medical condition that requires that she cannot work the business anymore and she must leave Illinois. The business has a growing customer base since it is located in an extremely busy mall with thousands of potential customers passing by and through the salon daily due to its location - next to a large movie theater and several up-scale chain and specialist restaurants.
The new owner can expect to be making a profit quickly because of the excellent, up-scale condition and full range of services and products sold at this business. In addition to hair styling, the salon offers the highest level of organic beauty products (Kerastase, L’Oreal Professional, Inoa no-ammonia hair dyes, etc.) The owners have spent almost $1M in the buildout, $450,000 for the furniture and equipment, $215,0000 for inventory. If you are in the beauty salon or hair styling profession, you just have to explore this outstanding opportunity! You will be buying a turn-key operation at an excellent entry price with excellent owner financing. What would be your best offer for this gorgeous operation?
Inventory: Included in asking price
Real Estate: Leased
Building Sq. Ft.: 3,000
Lease Expiration: 9/1/2023
Employees: 4 FT, 1 PT
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: Storefront located on a very high volume road within easy reach of several affluent, large population Chicago suburbs. This salon/boutique is located in a very high traffic location, with plenty of parking with several entrances from an extremely busy road. The shopping center that holds this salon is fully rented with long-term national brand retail tenants with excellent eye appeal. The design and build-out of this facility is absolutely outstanding, winning kudos from a national salon magazine. The build-out alone cost close to $1 million. However, considering the opportunity to purchase through owner financing, and considering everything is fully operational, this is truly an incredible value that should not be missed. What is your BEST OFFER?
Competition: There are additional salons in the area but none offer the complement of the finest organic products, vast array of services and boutique wedding products. In addition, the mall is one of the busiest in this region of affluent suburbs. Even though there are several beauty salons nearby, there is such a volume of affluent customers coming to this location (50,000 per week), the new owner, along with the high quality skilled staff already working for this business, will be kept constantly busy.
Growth & Expansion: This business already offers almost every type of beauty product and service in the beauty field. The new owner just needs to be sure to have enought staff to service the large group of clients that currently come to this location.
Financing: Yes, a certain amount
Support & Training: The current owners, a husband and wife, are willing to sell the business for best offer up to the cost of the build out and equipping this exquisite salon/
boutique. They will provide a limited amount of multi-year financing to help the buyer purchase the business. The buyer with training as a hair stylist and/or esthetist or who has a partner with those skills would be the most successful in running and growing this business.
Training & Support
The current owner (the husband) will set up training for new owner to run the business—he will stay on long enough to train the new owner as the manager to use the brand new $5,000 Envision point-of-sale register and customer relations system.
Reason for Selling: The woman owner has become sick, cannot work the business - must move for health
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