Business Broker.Net | Connecting Business Buyers and Sellers

Asking Price:	$75,000 USD USA Dollars
Business for Sale Industry:	Services: Hair, Nails, Spas, Tanning
Reason for Selling:	Personal Family Reasons.
Year Established:	2002
# of Employees:	7
Yearly Revenues:	$133,385
Yearly Gross Income:	$133,385
Monthly Payroll:	$4,000

Business for Sale Overview:

Since the owner purchased the salon last summer, monthly sales steadily increased from a low of $8K to the current high of $14K and trending upward. Improved sales are attributable to changes in the following areas: better customer service, increasing salon services, hiring more experienced stylists, and more effective advertising campaigns. As one of the countries largest full-service salons, this well-known franchise attracts clients through national and local advertising, branded products and lower cost services. Michigan s cost conscious customers looking for good quality salon services at lower prices are leading to increasing sales. Investor buyers are offered excellent support systems, proven methods and favorable multiple store pricing. Stylist buyers can increase their earning potential by working on customers. With new salon start up costs ranging from $100K to $230K why not consider this purchasing this growing business?

Property Features and Assets:

The 1,200 sq. ft. salon has 6 styling stations and chairs, 2 chair dryers, 3 shampoo bowls, a music system, lobby furniture, display shelves and a camera monitoring system. It is located in a large strip center in a mainly residential area along with national franchises and local specialty shops. Foot traffic is excellent. The gross monthly lease is $2,037 and expires 10/29/2008. The 5 year option has already been negotiated at lower price. Seller indicates the landlord is very motivated to keep the salon in the strip.

Market Competition and Expansion:

Hair care is a 59 billion dollar constantly growing industry. Trends indicate by 2012 more women and men will be visiting salons on a monthly basis. This brand offers solid proven systems keeping them ahead of the competition. The franchisor encourages growth through multiple store ownership. Since the salon is already trending upwards, a buyer should carefully evaluate changes. Areas for possible consideration are; increased advertising and hiring more experienced stylists. More tenants will also help to increase profits.

Additional Details:

• The property is leased.
• The owner is willing to train/assist the new owner.
• The owner is not willing to work for the new owner.
• This is not a homebased business opportunity.
• This is a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.