LBB Group specializes in transitioning people in and out of businesses. We are business intermediaries who help people buy and sell business, commercial real estate and investment properties. We are M&A Advisers as well, in which, we focus on business values above $5million. Our niche is helping the small business owner transition out of their business successfully and creating a win-win scenario for both sides.
This business runs itself. You do not have to be a medical person to own it either. It has five to nine part-time, long-term employee's who are are an RN or Esthetician's. There are no benefits, no holiday pay or any excess overhead as a result of this structure. Employee's are hourly plus commission. The business can be managed from whereever you are via technology (as is done now). It has been profitable in five out of the last six years. About 80% of sales is from laser hair removal services with about a 78% gross profit margin. It has two locations in the south suburbs of the Twin Cities area. There are about 6k customers, many of whom return periodically. About 4k are on the company email marketing system. The business is currently owned and managed on an absentee basis as has been the case for the last seven years. A "hands-on" owner could probably increase sales 20% just by being there every day.
This hair salon was established in 1975, by the current owner. The 900 square foot area operates with 6 chairs, and 3 shampoo stations, plus retail and waiting area. Employees have been with the business from 12 years to 39 years.
Hennepin County, MN
TYPE OF BUSINESS: This beautiful well-established professional hair salon has been successful for over 24 years! They offer complete Hair Services and related services including waxing, tanning, nails and retail products with numerous packages under each service. The owner offers a web-site for their client’s to review the services and products provided. New software is in place with support and the ability to monitor the existing inventory. Owner looking to stay on part-time to maintain her loyal customers. Hours are Tuesday – Thursday 9:00a.m. to 8:00p.m., Friday 9:00a.m. – 5:00p.m., Saturday 8:00 a.m. to 4:00 p.m., Sunday and Monday closed. Potential increase in profits by opening later on Friday and Saturday, open on Sunday and Monday. FACILITY: The owner operates the business from a 1,500 square foot facility. The lease payment is $2,308 (includes CAM) per month. The owner has designed the space to create a soft and quiet setting for the clients. EMPLOYEES: The business operates with 1 full-time and 4 part-time employees. All personnel are paid employees and do not rent stations. GROSS SALES: 2014 - $143,275; 2013 - $141,251; 2012 - $147,862; Cash Flow in 2014 was $37,350. The seller manages the business and makes an additional income from styling hair. SALES PRICE: The seller is asking $26,000 for the business which includes $17,500 in equipment and $1,000 in inventory. REASON FOR SALE: Retire, spend more time with family.
West Saint Paul, MN
This is a fantastic opportunity to purchase an existing branded franchise hair salon located on a busy street. We are a Fantastic Sams, a full-service salon offering haircuts, styles, up-dos, coloring, highlights, relaxing, texturizing, and waxing. There is potential to increase sales with over 250,000 people within a five mile radius. We currently have a data base of over 30,000 guests. An ideal new owner is a person who is familiar with marketing and social media which will help in growing the salon and taking it to the next level in sales and service. Seller will consider partial financing to a qualified buyer (up to 30%). Salon is priced well below the original investment.
Hennepin County, MN
This growing business with a great name and reputation was built from scratch in 2006 demonstrating significant revenue growth along the way along with growth in services and clientele. This Salon/Spa is a hybrid business model that has both employees and station renters. A new owner could have the option to expand all facets of Salon the as there is an additional 1,600 feet adjacent to the current business location. The current owners, one who has 30 years of cosmetology experience and the other who serves as chief business manager have created a business that gives strong opportunity for a strategic buyer to grow sales, reduce costs and continue to improve services.
This is a very hot, profitable niche market salon that has the ability to expand all over the country with ease. We are the equivalent of a Cost Cutters or Great Clips in the ethnic communities. We have 2 locations in the state, with customers near and very far. We are always getting requests to open up in various communities. With the right ownership, this can be the next big name in the hair industry. Not only do we do hair, but we sell very lucrative products that truly drive our business. With 2 locations and 15 employees, there will be no guess work with this purchase.
This business is a full-service, established beauty salon located in the west metro suburbs. The current owners founded the business and have owned and operated it for 8 years. The business has a mixture of stylists that lease chair space and the business has stylists as employees. Along with the stylists, there is an esthetician, manicure/pedicure person and a massage therapist. There are a total of 8 stations.
Full service salon and day spa with over 22 years of experience and expertise in the industry. For more information contact Jim Benincasa at 952-564-3809.
Long established tanning salon with approximately 175 members under contract. Over 5000 customers in current database. Great growth potential and increasing sales.
Established in 1998 by the current owners, this beautifully designed and maintained salon boasts a large base of loyal customers and a seasoned staff of 5 along with 7 stylists who rent chairs. This turnkey business located between Target & Cub Foods in the Twin Cities metro area providing abundant walk-in traffic. The current owners are looking to transition into retirement and want to see this successful team continue. This opportunity includes a build-out the owners spent over $130,000 on and all the FF&E valued at $45,000. Offered at $69,900 with only $28,000 down. Seller financing the balance for qualified buyers. For more information, contact Michael Slater, Sunbelt Business Brokers, (612) 238-1288
This salon, located in a north metro suburb, was established 11 years ago by the current owner. It is the only high-end, full-service salon in the area. It provides salon services, spa, nail, massage and esthetician services - making it a destination for consumers. This business is largely run owner- absent. Seller is ready to retire - All reasonable offers considered! Please contact Cindy Schuster at 952-564-3812 or firstname.lastname@example.org for more information.
This barber shop is located in a 1,100 square foot facility which has 6 stylist stations. Total building square footage is 1746 square feet. Real estate for sale at $300,000, cash or contract for deed. Current tenant in other half of building pays $1425 per month and has 8 years remaining on their lease. The business is in a great location, is clean, quaint, and shows very well. All equipment is recent and in great working condition. Currently, the owner is the only employee of the barber shop. There are 450-500 clients in the customer data base. This is an excellent business for a stylist to own and manage. For additional information contact Rick Elliott with Sunbelt Business Brokers at 612-238-1282
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