Turn-key Salon w/Real Estate & Rental Income

Sauk County, WI

Seller Financing Available
Turn-key Salon w/Real Estate & Rental Income

Asking Price:$320,000

Cash Flow:$87,709

Gross Revenue:$287,466

EBITDA:N/A

FF&E:N/A

Inventory:$2,000*

Real Estate:$210,000

Established:1983

*not included in asking price.

Turn-key Salon w/Real Estate & Rental Income

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Business Description

Well established in the community with a great reputation!

Established in 1983, this profitable and well-known salon has built a loyal repeat customer base. This is a sensational opportunity for a stylist to take the next step in their career or for an existing salon to expand their operations. Business is a full-service salon offering hair, nails, massage, tanning and waxing services. The salon employs an experienced team of professional stylists, several of whom have been with the business for many years. Sale price includes the real estate, which produces an additional $26k annual rental income. Interior décor has been completely refurbished and updated, creating a vibrant and comfortable ambiance for clients and staff alike. Renovated basement area includes private rooms that could be used to expand services or as more rental opportunities. Salon is located on the main thoroughfare, offering great traffic visibility. Owner is willing to stay on board for an extended period to transition the business, even to continue working as a stylist.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
N/A
Employees:
5
Facilities:
Salon has been in business for over 30 years and has a great reputation in the community. Interior was completely renovated in 2004 with new electrical, plumbing, HVAC, insulation, drywall and paint. Business exterior was renovated last year.
Competition:
Real estate includes an upstairs 2 BR apartment and renovated basement area, both of which provide additional rental income (included in reported financials.) Great location on the main city street provides high visibility and pedestrian traffic.
Growth & Expansion:
Basement area has also been completely refurbished, allowing for expansion of services or additional rental opportunities.
Support & Training:
2 weeks
Reason for Selling:
other interests

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Thomas Wankerl

Business Listed By:
Thomas Wankerl

Transworld Business Advisors of Madison-Fox Valley

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