Successful, High Energy Beauty Salon for Sale

Not Disclosed, MN
Hennepin County

Western Suburbs of Twin Cities

Asking Price: Annual Revenue:
$490,000 $1,049,257

Services: Hair, Nails, Spas, Tanning

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RE: Successful, High Energy Beauty Salon for Sale Broker: Darrel Damhof

Quick Facts

Asking Price: $490,000
Annual Revenue: $1,049,257
Net Profit: Not Disclosed
Cash Flow: $237,704
Total Debt: Not Disclosed
FF&E: $60,000
Real Estate: Not Disclosed
Year Established: 2013
Employees: 12
BBN Listing #: 82644955
Broker Reference #: 5101-17141

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Business Overview:

This Twin Cities western suburb beauty salon offers high quality hair styling from a variety of trained and talented employee stylists depending on the needs of the client and beauty budget. This recently remodeled salon offers an inviting environment for their clients to relax while receiving exceptional hair styling services. The business has grown quickly since the Pandemic with more clients returning and the addition of more trained stylists. The revenue is expected to grown again in 2022 and is on track to do so. Based upon the salon's open hours, there is room for additional stylists and several new stylists trainees have recently have been added. The experienced stylists are paid commission based on their sales for service and products. The owner is one of the top producing stylist at the salon and will continue in that role at the salon after the sale of the business.

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Property Features and Assets:

The business leases 1,270 square feet in a modern strip shopping center in a high traffic location. The salon was remodeled in 2019 and shows very well. The lease expires on 11/20/2024 but has a 5 year option to extend. Initial build out and 2019 remodeling expenses totaled over $162,000. Assets = $70,000

Market Competition and Expansion:

There are other beauty salons in the city and market area where their clients reside. The business currently has 11 trained stylists, 10 of which are considered full time (30 to 38 hours per week). 3 new stylists have recently been hired and are in training. The owner feels that with the hours available to work, the business could grow up to 18 full time trained stylists.

Reason for Selling:

No longer be responsible for the ownership.

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.

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