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Successful Hair Salon in Suburban Milwaukee

Washington County, WI

Successful Hair Salon in Suburban Milwaukee
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Asking Price: $149,000

Cash Flow: $77,000

Gross Revenue: $260,000

EBITDA: N/A

FF&E: N/A

Inventory: $6,000

Established: 1979

Successful Hair Salon in Suburban Milwaukee

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Business Description

Profitable base of business with room to build

This profitable salon moved to its current location almost ten years ago and has a loyal clientele and consistent base of revenue. Services provided by 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 who are paid a percentage of the revenue they generate. This structure allows the stylists to manage their time and their 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 northwest suburb of Milwaukee in a busy retail shopping center. There are eight salon chairs, allowing room for expansion in the current space by adding stylists. The owner is currently managing the salon and working part time as a stylist. The owner is willing to stay and work part time to provide salon services to his current clients. This salon would provide a profitable base of business for a stylist/owner or 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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