Well-established professional hair salon

Hennepin County, MN

Well-established professional hair salon

Asking Price:$39,000

Cash Flow:N/A

Gross Revenue:$133,378

EBITDA:N/A

FF&E:$30,000

Inventory:$5,500

Lease Rate/Sq. Ft.:N/A

Established:1993

Well-established professional hair salon

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Business Description

TYPE OF BUSINESS: This beautiful well-established professional hair salon has been successful for over 23 years! It is located west metro. They offer complete hair care, color, and specialty services: perms, extensions, up dos, waxing, Brazilian blowout, nails: acrylic & gel, manicure, pedicure and retail products. The owner offers a web-site for their client’s convenience to set appointments and to review the services and product provided. State of the art software in place with support and the ability to monitor the existing inventory. Owner looking to stay on part-time to maintain his loyal customers. Hours are Tuesday – Thursday 9:00 a.m. to 7:00 p.m., Friday 9:00 a.m. to 5:00 p.m., Saturday 9:00 a.m. to 3:00 p.m., and Sunday- Monday closed.
This salon has 8 rental stations and 1 commission based stylists, which generate approximately $850 to $1,000 per chair per month of income for the owner. There are currently 3 chairs available for rent.

FACILITY: The owner operates the business from a 1,500 square foot facility. The lease payment is $2,092 per month. The owner has designed this beautiful space to give the clients a soft and quiet setting.

EMPLOYEES: The business operates with 1 full-time employee, who earns $31,000 annually.

GROSS SALES: 2015 - $133,378, 2014 - $117,647. The seller manages the business and makes an additional income from styling hair.

SALES PRICE: The seller is asking $39,000, plus one year free chair rental for the business which includes $30,000 in equipment and $5,500 in inventory.

REASON FOR SALE: Another business opportunity is not allowing owner to devote enough time to this business.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,500
Lease Expiration:
N/A
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The owner operates the business from a 1,500 square foot facility. The lease payment is $2,092 per month. The owner has designed this beautiful space to give the clients a soft and quiet setting.
Support & Training:
Seller willing to train new owner at no cost to them.
Reason for Selling:
Another business opportunity is not allowing owner to devote enough time to this

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Bill Kraemer

Business Listed By:
Bill Kraemer

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Thomas Green

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