Successful Woman Owned Hair Salon

Chicago, IL (Cook County)

Seller Financing Available
Chicago Salon for Sale
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Asking Price: $250,000

Cash Flow: $119,922

Gross Revenue: $898,862

EBITDA: N/A

FF&E: $10,000

Inventory: $16,000

Real Estate: $525,000*

Established: 2009

*not included in asking price.

Successful Woman Owned Hair Salon

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Business Description

Real Estate Available for Sale - Lincoln Park, Chicago

This well established, must see, Upscale Salon is located in an extremely desirable Northern Chicago neighborhood very close to public transportation. With its excellent location and team of expert stylists, colorists, and aestheticians, the Company has cultivated a fantastic reputation and a loyal customer base. The Company takes a lot of pride in being able to deliver the absolute best beauty services it can for its clients. The Company’s many satisfied customers state in their reviews that the employees can do just about everything from the perfect wedding updo to repairing damaged hair. Most new customers become repeat customers. The Company offers services for men, women, and children as well, making for a well-rounded and affluent customer base.

The Company is best known for its fantastic hair color services. Its customers frequently leave incredible reviews and photos of their transformations. The Company also excels in haircuts and styling for its upper middle class demographic.

Salon Owner is Motivated to Sell. Real Estate is Available for Sale. Owner Would Like to Sell Both the Business & Real Estate to One Buyer.

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Detailed Information

Location:
Chicago, IL
Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
1,800
Employees:
17
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The Company operates out of an 1,800 sq/ft building that the seller owns. It has a backlit retail space, front desk, 8 styling chairs, 3 color processors, 3 shampoo bowls, aesthetician’s room, back room with washer and dryer that doubles as a break room and color mixing area.
Competition:
The Company has three major competitors within a five block radius of its location. One is a much larger salon while the other two are smaller. The current owner has gone to great lengths to train the front desk staff to learn the Company's top customers’ names, faces and preferences. This gives its clients a feeling of belonging in a warm environment that its larger competitors lack. The Company also carries several specific high end and harder to find retail product lines.
Growth & Expansion:
There is a huge opportunity for growth. A new owner could eventually double shift if they brought on more stylists. The skincare room is a lesser known part of the business that the current owner has found hard to market as effectively. If a new owner found more creative marketing tools to expand that business, they would greatly increase their income. Other services, such as lash extensions and microblading, could also be added to the service menu to cater to a wider variety of client needs. If the new owner brings in more stylists, the business hours could be expanded and more chairs could be added to the salon floor.
Financing:
$25,000
Support & Training:
Mutually agreed upon training and transition will be negotiated between the parties. The seller is very motivated for the success of any buyer long term.
Reason for Selling:
Owner relocating
Business Website:
http://www.playbookadvisory.com
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Jim Peddle

Business Listed By:
Jim Peddle

Playbook Corporate Advisory, Inc.

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