Hair Salon and Tanning For over 36 years

Mountlake Terrace, WA (Snohomish County)

Seller Financing Available
Hair Salon and Tanning For over 36 years

Asking Price:$87,500

Cash Flow:$14,000

Gross Revenue:$161,877

EBITDA:$57,450

FF&E:$32,235

Inventory:$2,200*

Rate/Sq. Ft.:$1.42

Established:1980

*not included in asking price.

Hair Salon and Tanning For over 36 years

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Business Description

"Please do-not Disturb this Business without an appointment with the Agent

This is a turn Key Hair Salon and much more, excellent opportunity to build a already highly successful business. Services offered include, hair, tanning, nails, facials salon, has a great reputation for high quality service and happy clients. Great signage, lots of free parking, serving clients since 1980. Come relax in this well established salon. The salon is rated 4 ¾ stars out of 5 which means there customers are more than satisfied. This is why they keep coming back. The Salon was opened in 1980 and has established itself as the number 1 Salon in the area. With a reputation like this, there is no issue on expanding the services to its clientele with a long term lease as there are no worries on this reputation and our great location.

Attached Documents


Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building Sq. Ft.:
1,550
Lease Expiration:
8/20/2021
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Monthly Lease. is a 5yr lease starting at $2,195 per month with an option for an Additional 5 more years. Sq./Footage 1,550
Competition:
There are several salons in the area however the business stands out due to great location signage and service, lots of free parking.
Growth & Expansion:
Lots of room to add more services such as massage, nails, pedicures.
Financing:
Possibly 10% to a qualified buyer
Support & Training:
Owner can help new owner for a short time to ensure a smooth transition. For more information contact: Debbi Olsen Broker at 425-248-7813 or Dick Bennett Listing Broker at 206-850-6082
Reason for Selling:
Salon owners own's the building, it's time to move on.
Business Website:
http://www.yelp.com/biz/tinas-hair-salon-and-tanning-mountlake-terrace

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Dick Bennett

Business Listed By:
Dick Bennett

Champions Real Estate Services

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