Turn-key Hair Salon with Second Location Option

ON

Turn-key Hair Salon with Second Location Option

Asking Price:$124,900

Cash Flow:$44,326

Gross Revenue:$198,000

EBITDA:N/A

FF&E:$8,868

Inventory:$15,000

Lease Rate/Sq. Ft.:N/A

Established:1969

Turn-key Hair Salon with Second Location Option

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Business Description

Here is an opportunity to step into a turn-key ownership position of a high-end salon business in S/W Ontario. Business has great reputation and solid team of stylists in place, 2 great locations (being sold separately or can be combined into single sale) with easy access and great parking. Buyer can work as a stylist or simply manage the business.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
750
Lease Expiration:
4/30/2017
Employees:
2 FT/3 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Business is located in a high-traffic mall with easy access and lots of parking.
Competition:
No comparable high-end salons within the trade area - only low-end franchise hair cutting shops.
Growth & Expansion:
Current owner only working 2 days per week. New owner could hire someone full time for this workstation or work it themselves.
Support & Training:
Will train for 4 weeks @ no cost.
Reason for Selling:
Current owner is retiring after 47 successful years in business.

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Peter Kerr

Business Listed By:
Peter Kerr

Murphy Business & Financial Corporation

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Murphy Business

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