Profitable Salon Northwest Milwaukee Suburb

Washington County, WI

Profitable Salon Northwest Milwaukee Suburb
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Asking Price: $195,000

Cash Flow: $81,000

Gross Revenue: $260,000

EBITDA: N/A

FF&E: N/A

Inventory: $6,000

Established: 1979

Profitable Salon Northwest Milwaukee Suburb

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Business Description

This spacious salon has a sleek contemporary design with polished concrete floors and Belvedere Italian chairs. Services of the salon include hair cutting, color, styling and special occasion styling, as well as manicures and pedicures. The salon has a staff of five including the owner, and all are contract employees and paid a percentage of the revenue they generate. This structure allows the stylists to manage their time and their own clients, while keeping administrative costs at a minimum. There is also a profitable retail business for products and accessories. The salon is located in a growing north west suburb of Milwaukee in a busy retail shopping center. There are eight salon chairs, allowing room for expansion by adding stylists. There is a long-term lease in place with two years left on the current renewal. The owner is currently managing the salon and working as a stylist. He is willing to stay with the business part-time and continue to provide salon services to his clients. This salon would be a very profitable base for a stylist who brings his or her own clients. It could also be run profitably by a general business owner who plans to manage the salon part time.

Detailed Information

Location:
Washington County, WI
Inventory:
Included in asking price
Employees:
5
Support & Training:
4 weeks
Reason for Selling:
retiring
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Stephanie Cox

Business Listed By:
Stephanie Cox

Transworld Business Advisors

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Sponsoring Broker:
Mitchel Cox

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