13 Station Hair Salon (UNDER CONTRACT)

Durham, NC (Durham County)

Seller Financing Available
13 Station Hair Salon  (UNDER CONTRACT)
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Asking Price: Get Financing: $111,200

Cash Flow: $55,600

Gross Revenue: $444,700

EBITDA: N/A

FF&E: N/A

Inventory: $6,800*

Lease Rate: $3,100 /SF/Month

Established: 1992

*not included in asking price.

13 Station Hair Salon (UNDER CONTRACT)

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Business Description

This well established salon is very modern and situated in a prestigious neighborhood of Durham, NC. They offer a full line of professional hair care services and products for the entire family. Services include cutting and styling, creative color, body waves, waxing and special occasion styles. Quality hair products such as REF, PRODESIGN, ENJOY and KERATHERAPY are available for their customers. The shop operates Monday through Saturday and hours of operation are convenient for those desiring an appointment later in the day. The staff in this salon are current on all the latest trends, color techniques and cutting edge designs for both men and women. There is a very attractive reception area staffed full time by receptionists utilizing a state of the art computerized scheduling system. This business has been voted top in the industry in various magazines and websites in the area for many years thanks to the continuous training, advanced technical experience and education of their stylists and their understanding of all hair types, textures, and multiple uses of tools. The present owner is only in the shop one day each week while pursuing other interest but in their opinion, earnings for a WORKING owner/stylist could easily approach a 6-digit level. The Seller is willing to finance 50 percent of the asking price at 5 percent interest for five years suggesting a strong belief in the continued success of this business. More photos at abbnc.com.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,200
Lease Expiration:
5/31/2020
Employees:
9
Facilities:
13 styling stations, 3 shampoo sinks
Support & Training:
as negotiated
Reason for Selling:
Other business interest
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Donald Gamble

Business Listed By:
Donald Gamble

Atlantic Business Brokers

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