Asking Price:

$150,000

Gross Income:

$225,000

Cash Flow:

$82,378

EBITDA:

N/A

FF&E:

N/A

Inventory:

$10,000.00 **

Real Estate:

N/A

Year Established:

2003

Employees:

6

Business Types:

Beauty Salons, Barber Shops
Miscellaneous Services

** not included in the asking price

Business Description

Assumable SBA loan, $118,000, 5.25%, 7 years, $1820/month. Only $40,000
down, owner will finance the balance of purchase price. Immaculate, new
salon with state of the art equipment, professional remodel and situated in a
shopping center in an upscale beach neighborhood. The interior features
hardwood floors, professional paint and secure, quiet rooms. The lease is
long term at below market rate with 5 years and an additional 5 year option.
Currently, they have upscale tanning beds (including a new Royal Sun), a
Norvell Airbrush spray tan booth, massage, and recently they began doing
facials and waxing. There is over $150k in equipment and upgrades to the
facility. The laundry room can be converted to showers to enhance the spa.
The Salon shows great, must see as a customer to appreciate.

Detailed Information

Support/Training:

2/40

Reason Selling:

Retirement