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- RE: *Price Drop* Established Salon With Real Estate
- Contact: Small Business
Quick Facts
Asking Price: | $139,000 | |
Annual Revenue: | $264,352 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $114,666 | |
Total Debt: | Not Disclosed | |
FF&E: | $125,000 | |
Real Estate: | $500,000 | |
Year Established: | 1990 | |
Employees: | 6 | |
BBN Listing #: | 936357 | |
Broker Reference #: | 841 |
Business Overview:
This opportunity is a customer and quality focused hair salon offering a range of hair services including cuts, styling, coloring, and specialty treatments. The salon features semi-private hair styling stations, ensuring customer privacy during hair services. Additional offerings available include massage, nail care, and tanning.
With over 30 years of operation in the local community, the salon has cultivated a large and devoted customer base, earning an outstanding reputation for its services. The business boasts an impressive Google rating of 4.8 stars, reflecting its commitment to excellence.
The salon operates with multiple independent contractors, all of whom pay a chair rental fee. This business model significantly contributes to the salon’s revenue. In 2022, the salon achieved a revenue of $264,352, signaling a steady return to its pre-covid earnings. The facility is also available for purchase for $500,000.
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Property Features and Assets:
Includes 13 semi-private hair styling stations, a reception area, a massage room, a laundry room equipped with an in-unit washer and dryer, and a break room.
Market Competition and Expansion:
Investment Highlights Include:
- Established Customer Base
- Diverse Service Offerings
- Excellent Local Reputation
Growth Opportunities:
- Implement Marketing
- Increase Retail Sales
- Update Company Website
Reason for Selling:
Ownership would like to pursue retirement.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
Relevant Links:
- View more Michigan businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
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