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Illinois Business For Sale |
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| HAIR SALON – FULL SERVICE – NATIONAL FRANCHISE |
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| Attn: Not Available |
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| Chicago - Northwest Suburbs, IL, USA |
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| Asking Price: |
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$Negotiable USD USA Dollars |
| Business for Sale Industry: |
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Services: Hair, Nails, Spas, Tanning |
| Reason for Selling: |
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nearing retirement. |
| Year Established: |
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1970's |
| # of Employees: |
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5 |
| Yearly Revenues: |
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$$150k range |
| Yearly Net Profit: |
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$Profitable |
| Monthly Payroll: |
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$$6 – 8k range |
| Total Debt: |
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$No assumable debt |
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Business for Sale Overview:
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National full service hair care franchise in Northwest suburbs of Chicago. Package includes existing location, and the rights for 3 additional sites anywhere in the Chicago metro area. Location is very well established as a neighborhood salon in a mature community, and is representative of the demographic of the area. Within a 2 mile radius of the salon there are more than 16,000 households, and a population base of 39,000 people, with a median household income of over $73,000. The current owners are in the process of upgrading the salon to an upscale motif. The current staff is tenured and proficient in delivering both cut, style and chemical services. The current owners are nearing retirement and motivated to sell. The business is priced to sell but no Seller financing will be made available. This business has appeal for either an owner / operator or and Empire Builder. Check it out …. You won’t be disappointed.
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Property Features and Assets:
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The business is located at a major, heavily trafficked intersection that has commercial development on all four corners and surrounded by residential. The salon is completely equipped as an 8 station facility with capability for substantial growth. The current lease rate is very competitive and assumable. |
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Market Competition and Expansion:
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Brand is nationally recognized and the only full service franchise brand within a 2 mile radius of the location. With 8 station capability and multiple shift operating potential, there is a tremendous opportunity for growth for a marketing centric new owner. |
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Additional Details:
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- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is willing to work for the new owner.
- This is not a homebased business opportunity.
- This is a franchise opportunity.
- This is not a distressed business or bankruptcy situation.
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