Business Broker.Net | Connecting Business Buyers and Sellers

Asking Price:	$60,000 USD USA Dollars
Business for Sale Industry:	Services: Hair, Nails, Spas, Tanning
Reason for Selling:	The owner does not have time to devote to the business.
Year Established:	1984
# of Employees:	9 FT, 3 PT
Yearly Revenues:	$180,244
Yearly Cash Flow:	$25,624
Yearly Gross Income:	$180,244
Monthly Payroll:	$6,632

Business for Sale Overview:

This charming salon has been part of this well known Oakland community for more than 24+ years. The owners keep the salon in tip top shape. It was recently updated with new artwork, cabinets and some updated equipment. Due to increasing family demands, the owner is no longer able to manage their salon up the original high standards. For this reason the owner is looking for a buyer who is an experienced stylist, nail tech, facialist or message therapist interested in stepping into a turn key business with excellent growth potential.

Property Features and Assets:

This 2,300 sq. ft. salon is located in an excellent area of Oakland county with good foot traffic. The parking lot is large and easily accessible. The lay out is spacious with 9 style stations and plenty of chair dryers and shampoo bowls. The salon has some partitioning that can be used for storage, office, etc. The landlord wants to keep the salon in this location and will sign a new long-term lease with a qualified buyer

Market Competition and Expansion:

There are several large open and enclosed areas that could be used to expand into new services such as; manicures, pedicures, messages or facials. The electrical is already place to add more stations. The large customer base could easily be solicited for these added services. Sunday and/or Monday hours might be added capitalize on walk in traffic. Since the owner's personal service income is not included in gross sales, the owner's departure should not negatively affect sales. In fact the opposite, customers who stay will increase gross sales. In spite of area competition, the salon supports a loyal customer base with sales in the $163K to $173K for the past 4 years.

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