Hair Salon with Owner Financing Great Location

Englewood, FL (Charlotte County)

Seller Financing Available
Hair Salon with Owner Financing Great Location

Asking Price:$69,000

Cash Flow:$43,366

Gross Revenue:$128,690

EBITDA:N/A

FF&E:$26,000

Inventory:$6,000

Lease Rate/Sq. Ft.:$1.35

Established:2005

Hair Salon with Owner Financing Great Location

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Business Description

Calling All Frozen Stylists & Barbers of NW - chance to relocate

This Well established with consistent local support salon is located in a busy plaza in a corner of major roads. Fully staffed on commission base. Open only 5 days a week for total of 40 hours. 7 hair stations, 3 sinks, pedicure station, break room, storage room. Brand new a/c, water heater and more. Room for expansion. Owner willing to stay. Can be run semi absentee. Clean books. Call now!

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,250
Lease Expiration:
9/30/2017
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Located in a busy plaza in a corner of major roads. Long lease available. Fully staffed on commission base. 7 hair stations, 3 sinks, pedicure station, break room, storage room. Brand new a/c, water heater and more. Room for expansion Owner willing to stay.
Competition:
The ONLY hair salon on a busy plaza , has exclusive rights. Plenty walk-ins. Loyal long term clientele.
Growth & Expansion:
Open only 5 days a week for total of 40 hours - stay open longer and more days. Unit next door is empty if the new owner would want to add other services. It is very expensive to start a beauty salon from scratch with all of the build out, equipment, impact fees from the county government, not to mention the time it takes from signing the lease, construction. You will be out approximately $250,000 from the start. Purchasing a salon that has good equipment, location, technicians and clientele in place will be far more appealing at the end of the first 12 months.
Financing:
With $30 k down, financing is possible for a qualified buyer.
Support & Training:
2 weeks of free training and support. The owner would like to stay as a stylist
Reason for Selling:
Retirement

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Larissa Wileman

Business Listed By:
Larissa Wileman

Florida Business Exchange, Inc.

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Sponsoring Broker:
A. Bert Risdon, B.C.I.

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