Well Established Very Profitable Salon Studio Business

Las Vegas, NV (Clark County)

Seller Financing Available
Well Established Very Profitable Salon Studio Business

Asking Price:$350,000

Cash Flow:$108,000

Gross Revenue:$335,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Rate/Sq. Ft.:$24.00

Established:2008

Well Established Very Profitable Salon Studio Business

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Business Description

Salon Suite/Studio Salon Bus. Well established with great cash flow.

We provide impressive, modern, and upscale rental space in a “salon mall” concept that allows salon professionals the opportunity to have their own business and make more money without the risks and challenges of owning a conventional salon. The studio Salons concept takes the bulk of work and complexity out of traditional salon ownership. We are turning the salon business upside down by enabling individual salon professionals to become independent entrepreneurs. Studio Salons offers rental studio suites in our modern “salon malls” for the same rate, or often less than what one would pay for space at a chair rental hair salon. This allow individuals to operate their own exclusive spa or salon while having 24 hour access to a secure and private suite. This concept permits individuals to: eliminate the hiring and management of staff, sell retail products of their choice, set their own pricing, determine their business hours and create their very own personal spa or salon atmosphere. The Studio Salons concept focuses on an excellence in function.

Detailed Information

Real Estate:
Leased
Building Sq. Ft.:
5,500
Lease Expiration:
11/1/2019
Employees:
1
Facilities:
We have a 5500 Sq Ft facility fully equipped with approx 30 individual studios.
Competition:
Competition offering a similar concept does exist within the salon industry, however, it is limited and the market is only slightly developed. One of the distinguishing factors separating Studio Salons from its competition is through its ability to provide the salon operator a comparable highly professional and fashionable rental suite at a cost below our competition.
Growth & Expansion:
The beauty salon and skin care industry is a multi-billion dollar industry and continues to see substantial growth. The salon suite industry growth has been estimated that 30-35% of all cosmetology professionals are currently operating independent of a traditional salon facility, but if industry growth continues, that number is expected to increase to 60% by 2017, and up to 75% within the next five years. The vast majority of these independent operators will be salon suites, so the long term opportunity for the suites concept is outstanding.
Financing:
Possible Seller Finance with large down payment
Support & Training:
Negotiable
Reason for Selling:
Live out of state. Need money for expansion in home state.
Business Website:
http://studiosalons.net

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Business Listed By:
Shane Jones

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