Established Barber/Beauty Salon

Itasca, IL (DuPage County)

Established Barber/Beauty Salon
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Asking Price: Get Financing: $35,000

Cash Flow: $26,000

Gross Revenue: $109,000

EBITDA: $26,000

FF&E: $20,000

Inventory: $7,000*

Lease Rate: $1,612 /SF/Month

Established: 1983

*not included in asking price.

Established Barber/Beauty Salon

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Business Description

Established Barber and Beauty Salon

Here is an opportunity for an aspiring cosmetology professional to take the next step into ownership without the expense and risk associated with a start up. The salon has been in business for over 35 years in the same location. The steady and loyal clientele guarantee success because the current owner desires to stay and the shops percentage of her sales covers all expenses. Bring your book of business and grow this opportunity to the next level. Located in the middle of the Westin Hotel Northwest which hosts numerous weddings and conferences, and the Hamilton Lakes Business Park which boasts of over 1,000,00 SF of Class A office space, its a can't miss opportunity. Feel free to walk on by but please don't disturb employees or patrons.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,369
Lease Expiration:
N/A
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
5 Chairs, 2 Shampoo Stations, Nail Tech Area
Competition:
Could be a gold mine. No competition in the complex
Growth & Expansion:
With some marketing the business could double revenue.
Support & Training:
Owner will stay and work on a percentage basis
Reason for Selling:
Owner wants to continue working but wants to get away from the paperwork.
Business Website:
http://www.jonathanshair.net
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Business Listed By:
John Gillespie

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