Business For Sale

Beauty Salon - 5-Stations

Phoenix, AZ
Maricopa County


Asking Price: Annual Revenue:
$50,000 $51,543

Retail: Health, Beauty, Nutrition


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RE: Beauty Salon - 5-Stations Broker: Sheryl Reese
License #: BR005917000

Quick Facts

Asking Price: $50,000
Annual Revenue: $51,543
Net Profit: Not Disclosed
Cash Flow: $20,000
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: 1963
Employees: Not Disclosed
BBN Listing #: 931643913
Broker Reference #: Not Disclosed

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Business Overview:

ESTABLISHED 56 YEARS & SAME OWNER FOR 31 YEARS. Owner is ready to retire.
5-Station Salon. Each station is fully equipped, including the wash basins, for the customers convenience. Owner has pride in her Salon & has taken very good care of it. Everything in the Salon has been replaced or maintained when needed.
2 Stylists pay rent. 1@ $125 per week & 1@ $100 per week.
There is a lot of room to grow. The neighborhood is changing - getting younger. It may be time to get a couple of stylists that will cater to the new neighborhood to add to the existing customers.
Current owner is open only 4 days per week & closed on Saturday. Opening on Saturday and extending the hours would provide an opportunity for the customer that works weekdays.
Cash Flow represented is an estimate.
This is an ASSET SALE. Owner is selling for the value of the FF&E.

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Property Features and Assets:

600 square feet. Located in a busy shopping strip on a main street. They are surrounded by a high density neighborhood and a lot of businesses. Monthly rent: $668. Lease expires: March 31, 2022 & has a 5 year option to renew. Deposit: $400.

Reason for Selling:

Retiring

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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