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Asking Price:	$135,000 USD USA Dollars
Business for Sale Industry:	Services: Hair, Nails, Spas, Tanning
Reason for Selling:	Family issues out of state.
# of Employees:	9
Yearly Net Profit:	$52,632
Yearly Gross Income:	$161,094

Business for Sale Overview:

This Upscale hair and nail salon has a fashion boutique and professional hair care center all conveniently located in the same space. This spacious 2,500 square feet salon has a fantastic lay out with 16 hair stations, 2 nail stations, a break room, laundry room, office space, and a relaxing shampoo room. in. Since the new owners took the space over in June of 2007 they have increased the number of stylists from 3 to 9 and increased the net profit by more than 200%. The financial income figures are a projection of this years current income. The Salon is well promoted and advertised through their website various direct mailing campaigns, yellow book, magazine listings and a range of other media. The 8 full time stylists rent for $275 a week and the nail tech rents for $150 a week and have 2 part time receptionists. These owners have created an exceptional reputation for quality and customer service in just a short amount of time, but they have family commitments that are needed out of state so they are looking for a buyer who would like to continue their efforts in creating a truly successful salon.

Property Features and Assets:

2,500 square feet. The rent including CAM is $6,065.45. Lease to June 2009 with 1-5 year option. Open Tues - Sat. Included in the sale is: Furniture, Fixtures & Equipment: $50,000. Inventory: $5,000 (included in price).

Market Competition and Expansion:

Minimal competition in the area. Additional services can be added.

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.