Established Children's Salon - Steady Clients - Great Location

Wilmington, NC (New Hanover County)

Established Children's Salon - Steady Clients - Great Location
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Asking Price: $59,900

Cash Flow: N/A

Gross Revenue: $150,000

EBITDA: N/A

FF&E: $15,000

Inventory: $10,000*

Rent: $1.96 /Month

Established: 2009

*not included in asking price.

Established Children's Salon - Steady Clients - Great Location

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Business Description

Ready To Sell

For sale is the opportunity to own a salon in Wilmington, NC providing stylish hairstyles & nail services for children. It has been lovingly family owned since start-up in 2009 and has become a solid presence in the community. The interior is fun and inviting for children whether it is their first haircut or one of many on a regular basis. The retail product offered is a great income addition.

It has been concept designed from the beginning with full branding that would allow new owner(s) the opportunity to take the business to the franchise level.

Landlord will sign a new extended lease with new owner(s)

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,350
Lease Expiration:
1/31/2019
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Highly visible corner unit in the front parcel of the Franklin Square shopping center directly in front of a major grocery store. Great traffic coming in and out of the center. Signage visible to major highway, S. College Road. Just yards north of busy 17th and College intersection. Ample parking.
Competition:
There is only one other children specialty salon in town. Surrounded by residential neighborhoods and schools.
Growth & Expansion:
The branding and marketing along with the interior theme and design have been thoroughly planned providing the ability to franchise at any time. The retail side has potential for growth by expanding both in-salon and adding an online ecommerce.
Financing:
Rent includes CAM fee
Support & Training:
Owner is offering transitional support and training for up to 30 days post closing. Phone and email support afterwards as needed. The manager is accomplished in running the day to day business as well.
Reason for Selling:
New career direction
Business Website:
http://www.ribbetsalon.com
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Contact the Seller

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Joan Loch

Business Listed By:
Joan Loch

Momentum Companies

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Sponsoring Broker:
Terry Espy

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