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Asking Price:	$100,000 USD USA Dollars
Business for Sale Industry:	Services: Hair, Nails, Spas, Tanning
Reason for Selling:	Wants to focus on hair styling, not management.
Year Established:	1978
# of Employees:	7
Yearly Revenues:	$404,874
Yearly Cash Flow:	$59,131
Yearly Gross Income:	$404,874

Business for Sale Overview:

This is a one in a life time deal. Salon is making a significant amount of revenue and continues to meet new goals financially for the seller. The seller would like to commit himself to more hair shows, training and endorsements of hair care products. This seller believe that the ideal candidate for this Business is going to be an investor who has experience running salons and taking them to the next level with marketing and financial investment. The seller is not selling the business because it hasn’t been profitable, but because he wants to focus his efforts and time on other areas in the business. The business has potential to be a very profitable salon with more focus on growth and marketing.

Property Features and Assets:

This salon is situated on a main street of the city it’s located in. Very busy area with many thriving shops in the area. Business can be seen by driving traffic and walking traffic. Once inside this cozy, elegant shop you see a very spacious floor plan with updated furniture and equipment. The salon has lots of room for adding more diverse services. There is an eating space for employee. Washer and dryer on premises. Plenty of parking for customer either in a parking lot in the back, or on the side of the building. Seller has been in this location for 3 years, however was located in downtown Birmingham for the last 20 years. The seller is known throughout Michigan and other states for his hair designs and outstanding customer service. He has service local celebrities and also famous artist that travel to Detroit. He has a long and faithful following of customers that continue to travel distance to just have their hair done by him. The shop has several of the seller’s family members working in it. They have earned a reputation just as the seller. Many stylists want to work in this seller's shop to say that they were trained by seller and to carry on the legacy that the seller has created. The environment in the salon is one that is relaxing and enjoyable for the customers. 5 European shampoo bowls, 11 stations, 6 dryers and 2 private stations. All stylists are working on a commission basis, however a new owner could change the payment method to booth rent to ensure the buyer is getting enough revenue to pay all expenses.

Market Competition and Expansion:

This is an African American salon that caters to upscale clientele. An investor could expect to take $1000 a week out of the business after bills have been paid. The stylist/owner has a 26 year history providing hair care service. He is sought after by clients and is a new stylist dream come true as they get the training by the best. The seller/stylist is approached often to endorse products because of his well-known status. Many awards and trophies from hair care shows in local and out of the state areas. Business can support more stylists and can have more diverse services like a nail tech stations. Seller has a reputation for his styling abilities and so many company that make and produce hair care products would love to have him endorse the products which could be a risual income. Seller also could do more marketing to increase awareness of his talents, however at present, word of mouth marketing has been done. Perhaps commercials and more print marketing would increase business. Shop has all new fixture and furniture. Washer and dryer on premises to create more efficient ways to take care of laundry needs. A computerizes system along with website would help to spread awareness and create more business. Seller has ideas that he can share with new owner that would help improve business fairly quickly.

Additional Details:

• 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 not a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.