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Hair and Spa Salon South Suburbs

Cook County, IL

Seller Financing Available
Hair and Spa Salon South Suburbs
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Asking Price: $182,500

Cash Flow: $113,084

Gross Revenue: $1,092,222

EBITDA: N/A

FF&E: $241,269

Inventory: $10,000*

Rent: $7,125.75 /Month

Established: 1998

*not included in asking price.

Hair and Spa Salon South Suburbs

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Business Description

Award winning business - Over $1mm in annual revenues

This award winning hair and spa salon has maintained its excellent reputation and fantastic services for nearly 20 years. The Business is conveniently located in a high traffic area in a desirable Chicago suburb. The salon consistently makes over $1mm in annual revenues.

This business has been recognized numerous times over the past 10 years for its service levels and offers a total Salon experience for customers including Hair, Nails, Waxing, Facial Treatments, Skin Care and Massage. It’s truly a one stop destination for all its clients' unique and personal beauty needs. The Salon also does styling for bridal parties and other formal events and many of its stylists have been asked to participate in beauty shows and competitions.

The Company employs a full staff of Stylists, Nail Techs, Massage Therapists, Aestheticians and Front Desk Support. The Owner/Operator is active with hiring, scheduling, payroll and accounting and will offer a full training and transition for the new owner.

Interested buyers are required to execute an electronic NDA prior to the disclosure of the name and location of the Company. Please call Jim Peddle.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,167
Lease Expiration:
N/A
Employees:
40
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The Company operates out of a single 3,000+ sq./ft facility that includes a full-service hair salon, single rooms for massage therapy, and a shampoo station. The property is located in a shopping center and leased by a third-party landlord. The lease has been renewed for 2019.
Competition:
The Company has several direct competitors in the form of other beauty salons and spas in the Greater Chicago area. However, unlike its competitors, it has received numerous awards and its nail technicians and stylists have also been asked to participate in beauty shows and competitions.
Growth & Expansion:
The majority of the Company's new customers find the business through its website and customer referrals. Most of its customers are from its neighborhood but thanks to its excellent reviews its customer base has expanded to the Northern Suburbs. The company website has an up to date list of all the services the Company offers and the prices for each.
Financing:
50000
Support & Training:
The seller will stay on through a training and transition period and the staff will stay on in their current or expanded roles.
Reason for Selling:
Retirement
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Jim Peddle

Business Listed By:
Jim Peddle

Playbook Corporate Advisory, Inc.

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