Profitable great looking Hair salon in desirable chelsea area !!!!

Scio, MI (Washtenaw County)

Seller Financing Available
Profitable great looking Hair salon in desirable chelsea area !!!!
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Asking Price: $159,900

Cash Flow: $53,576

Gross Revenue: $159,500

EBITDA: N/A

FF&E: N/A

Inventory: $2,900*

Rent: $14 /Month

Established: 1999

*not included in asking price.

Profitable great looking Hair salon in desirable chelsea area !!!!

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Business Description

Initially, It was a franchise of a major national hairdressing chain. After 7 years in business, it became independent, stand-alone salon. Point-of-Sale software, bookkeeping, record keeping, payroll and tax filing are run according to strict professional standards.

This salon offers a very broad range of haircutting and hairstyling services. including all styles of cuts for men, women and children, full-color services, including highlight and lowlight, hombre color techniques, all perm services, facial wax, moustache trim and beard trim. The retail sale of shampoos and hair conditioners are a minor sideline, financially, but has the important benefit of focusing more of the customers' attention on their hair.

40% of guests make an appointment before arriving
50% of guests request a specific stylist
10% of our guests are new
30% of guests, when they arrive, have no firm decision on the style or hair treatment they want and rely mainly on the recommendations of the stylist.

The kid's play area, equipped with toys and video, is located where parents can keep an eye on what they are up to. This separation prevents the stylist getting distracted while working on an intricate updo, and -equally important - prevents the youngster from being distracted while working on an intricate puzzle.
This is a great opportunity to own an upscale salon located in beautiful Chelsea, Michigan. Established in 1999, located on a highly-traveled road with major tenants in the center. All equipments/fixtures are in excellent condition. Services include: hair Design/Cuts, Color Services, Waxing services and much more. Current owner does not advertise. Some creative advertising/marketing along with adding Make up services, Esthetician, Massage, Tanning services, Nails services, Retail products and Mani-Pedi services will do huge positive changes in sales. Stylists are paid on commission split levels. This is a must see salon. It shows beautifully and will not last. Seller is ready to retire and pass this great salon to a new owner. Call Adam hage @ 313-598-2566 for viewing !!!

Attached Documents


Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,790
Lease Expiration:
10/31/2019
Employees:
6
Facilities:
It is located in a well- supported and conscientiously-maintained shopping mall, built in 2003. The fully equipped salon's internal layout and leasehold improvements were custom-designed by the Ann Arbor architectural firm Van Curler Associates. The central vacuum system, as an example, keeps the floor at restaurant level of cleanliness and helps the stylists complete their work after each guest's haircut or trim.
Competition:
This salon is the leader in the market.
Growth & Expansion:
There is great potential for growth by adding nails service and managed by new blood.
Financing:
80000
Support & Training:
The stylists have been working at this salon for many years. The current owner, though anxious to retire, will train, if required, & continue to serve for a few months to ease the transition.
Reason for Selling:
Owner wishes to retire.
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ADAM HAGE

Business Listed By:
ADAM HAGE

ATLAS PROPERTIES INC

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