Salon in Peachtree Corners 2yr lease/option

Dunwoody, GA (Dekalb County)

Seller Financing Available
Salon in Peachtree Corners 2yr lease/option
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Asking Price: $75,000

Cash Flow: $100,000

Gross Revenue: $160,000

EBITDA: N/A

FF&E: $25,000

Inventory: $7,500

Rent: $1,600 /Month

Established: 2011

Salon in Peachtree Corners 2yr lease/option

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Business Description

A Jewel in the Fabulous Dunwoody Neighborhood

1200 square foot unisex salon minutes away from the prestigious Spalding Drive community. A very balanced multicultural demographic. Consumers are 50% white, 30% percent Hispanic, 20% Black, Asian or other.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,200
Lease Expiration:
2/19/2021
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Free water, all electric utilities, LED Light fixtures, 8 mirrors, 8 chairs, styling equipment, 2 hair dryers, 2 sinks
Competition:
Great Clips, Sports Clips, and a handful of privately owned barbershops and Hispanic hair salons in the area
Growth & Expansion:
Construction and growth is exploding in this north Atlanta area. Located in newly incorporated Peachtree Corners, GA, this shop has great potential. Lots of IT professionals in the area as Peachtree Corners has just secured a $1.5million grant for their Prototype Prime technology incubator. Located inside a Neighborhood Walmart Plaza with heavy foot traffic. Just a few miles away, The Heights at Carver Hills is a new housing redevelopment mix of townhomes and single-family homes starting at $432,000.
Financing:
2-year Lease to Own
Support & Training:
The owner will remain active in management for one year and provide resources for recruiting stylists and barbers.
Reason for Selling:
On to another venture
Business Website:
http://www.dunwoodybarbers.com
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Business Listed By:
Jermaine Muhammad

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