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Gorgeous, Upscale Hair Salon

Lake County, IN

Gorgeous, Upscale Hair Salon
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Asking Price: $299,000

Cash Flow: $73,754

Gross Revenue: $505,246

EBITDA: $30,395

FF&E: $42,000

Inventory: $5,500

Rent: $4,100 /Month

Established: 2005

Gorgeous, Upscale Hair Salon

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Business Description

This listing is for a beautiful hair salon located in an upscale community in northwest Indiana that is available to a qualified buyer. They are located in a prime, high-traffic area in their community with great visibility. This business specializes in high-end hair services for women like styling, coloring, highlights, and cutting at affordable prices at top-notch quality. Service for men and children is also offered. In addition, they also offer waxing and nail service. Their reputation in their marketplace is second-to-none. The reviews online are stellar across multiple platforms and sites and their customer base is very loyal. The salon offers a dedicated, skilled, friendly and knowledgeable staff of 14 in an inviting, eclectic atmosphere. The business offers a hands-on buyer a yearly income of over $70,000 with great growth potential. With the staff in place, a new buyer would not need to go through the process of building a customer base and reputation. This is a turn-key opportunity with ample room to add spa services like massage and skin treatment that could grow the business substantially. They also carry high-end hair products. Over $5,000 in new inventory and over $40,000 in FF&E is to be transferred with the sale of the business. If you would like more information about this business, or if you would like to schedule a site visit, please contact the agent either by phone or by email.

Detailed Information

Location:
Lake County, IN
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,855
Lease Expiration:
12/31/2021
Employees:
14
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
1,855 sq ft. Leased Facility. $4,100/Month (expiring 2021)
Growth & Expansion:
Add additional spa services, more marketing, advertising, open on Mondays, add additional hair services.
Support & Training:
Owner will train the buyer for 3 weeks at no cost.
Reason for Selling:
Owner Relocation
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(from currently available funds)
 
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Tommy Farmer

Business Listed By:
Tommy Farmer

The Marvin Group LLC

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