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Asking Price:	$50,000 USD USA Dollars
Business for Sale Industry:	Services: Hair, Nails, Spas, Tanning
Reason for Selling:	Seller is motivated to sell, because of family obligations.
Year Established:	2006
# of Employees:	6
Yearly Revenues:	$97,042
Yearly Gross Income:	$97,042
Monthly Payroll:	$4,000

Business for Sale Overview:

Since opening in December of 2006, monthly sales have increased to the current weekly average of $2,600. The 2008 sales from Jan-April are $39,567, with the more profitable months still ahead. This is a very good start for a new salon in a growing area. 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 1,239 sq. ft. salon has 7 styling stations and chairs, 2 chair dryers, 3 shampoo bowls, a music system, lobby furniture, salon POS system, display shelves and a central vacuum system. It is located in new strip center with great traffic flow but many empty store fronts until recently. Foot traffic is good but is expected to increase with the new tenants on each side. The gross monthly lease is $2,037 and expires 10/29/2008.

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 franchiser 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.