Owner Financing is Available!
Business Overview:
This destination salon has it all. Outstanding centralized location, stylish and warm atmosphere, and loyal clients. . The business has 4 styling stations, 2 shampoo bowls, 2 portable dryers, and a room used for waxing that could be leased out for massage or holistic medicine. There is no immediate competition for this stable salon. It has an outstanding location right in the middle of the Capitol Hill area. There is great visibility and walk by traffic. The business has been established since 2006 and has become an icon for the neighborhood. The current owner has been ill for some time and been unable to continue the expansion of the business. The new owner could increase business by some direct marketing to the businesses, residential, and commercial inhabitants of the area. The demographics of the area will insure the new owner’s success. There is a room for the new owner to lease out for massage or holistic medicine. The business is only open 5 days per week and could easily increase revenues by being open 6 or 7 days. The new owner could easily add additional stylists. The current owner has been fighting health issues for some time and has been unable to operate the business on a full time basis. This is a turn key business. Seller terms with $40,000 down, 3 year term, at 6% interest.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
This destination beauty salon has an outstanding location right in the heart of Capitol Hill area. The business has 4 styling stations, 2 shampoo bowls, 2 portable dryers, and a room used for waxing that could be leased out for massage or holistic medicine. The base rent is $2,100 plus NNN charges of $350 per month. The Lease runs till 9/30/2012 with options to extend
Market Competition and Expansion:
There is no immediate competition for this stable salon. It has an outstanding location right in the middle of the Capitol Hill area. There is great visibility and walk by traffic. The business has been established since 2006 and has become an icon for the neighborhood.The current owner has been ill for some time and been unable to continue the expansion of the business. The new owner could increase business by some direct marketing to the businesses, residential, and commercial inhabitants of the area. The demographics of the area will insure the new owner’s success. There is a room for the new owner to lease out for massage or holistic medicine. The business could use the addition of a nail station to offer more services. The new owner could increase and diversify the product line for the business. The business is only open 5 days per week and could easily increase revenues by being open 6 or 7 days and adding additional stylists.
Reason for Selling:
Serious Health issues force immediate sale
Additional Details:
- The property is leased.
- The owner is willing to train/assist 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.