A 35 year hair and waxing saloon that needs a new owner & image

Orlando, FL (Orange County)

Seller Financing Available
A 35 year hair and waxing saloon that needs a new owner & image

Asking Price:$45,000

Cash Flow:$20,000

Gross Revenue:$75,000

EBITDA:N/A

FF&E:N/A

Inventory:$500*

Lease Rate:$18 /SF/Month

Established:1950

*not included in asking price.

A 35 year hair and waxing saloon that needs a new owner & image

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Business Description

This is a sleeping giant that has been in business for 35 years. Five chair renters that take care of their own bookings and every thing else in regard to their clients that have been there for years and years. These five take care of most of the expenses and leave the owner to earn about $20,000 a year doing her own clients hair and waxing. This business needs an owner hairdresser or a massage/cosmetologist that will increase the waxing side of the business. If a hair stylist with his or her following could buy this very reasonable business and remodel they would have a winner as it is up and running and for very few dollars they would have a modem facility in the right area for a low investmemt.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,000
Lease Expiration:
4/30/2019
Employees:
0
Facilities:
Six wet stations, five chair renters, two massage/waxing rooms. Located in the middle of Winter Park and down town Orlando right on the main road. The saloon has been there for 35 years. Lots of parking in the rear of the saloon. Loyal client base of older customers that come in on a regular basis. The rent on the premises is $1,545.00 per month and the seller signs a three year term at a time with a 3% increase. A buyer could get a longer lease if required. Nice pleasant atmosphere, clean and bright but needs a little modernization.
Competition:
Not a lot of saloons do as much waxing as this one does. It has a steady regular client base that is there week in and week out for hair and a very good base for waxing clients that comes back on a regular basis.
Growth & Expansion:
This saloon requires to to be owned by a working hairdresser or by an upscale hairdresser or group of stylists that has a following who will remodel and turn this some what old fashioned saloon into a modem up to date facility. It has the location, it is in an area that has the right demographics close to winter Park and a host of medical offices and businesses. No advertising is undertaken. Waxing is a big part of this saloon and nobody knows they even do it other than word of mouth.
Financing:
On the inventory
Support & Training:
one week included in the price to hand over as the staff will just carry on as if nothing has changed..
Reason for Selling:
To Retire

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John Price & Associates

Business Listed By:
John Price

John Price Broker & Associates

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