Business For Sale

Established NW Suburb Hair Salon

Schaumburg, IL
Cook County

Asking Price: Annual Revenue:
$50,000 $225,000

Retail: Health, Beauty, Nutrition

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RE: Established NW Suburb Hair Salon Broker: David Burchert
Owner Financing is Available!

Quick Facts

Asking Price: $50,000
Annual Revenue: $225,000
Net Profit: Not Disclosed
Cash Flow: $48,000
Total Debt: Not Disclosed
FF&E: $40,000
Real Estate: Not Disclosed
Year Established: 1994
Employees: 10
BBN Listing #: 296944552
Broker Reference #: 5717-31478

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Business Overview:

This established family hair and nail salon is located in an extremely busy retail center and has reported consistent sales during the past 5 years. This ultra-modern salon has a solid client base and benefits from its location. The owner is offering seller financing up to $30,000 to qualified buyers. The business owner is willing to continue to work at the salon to help mentor new owner and assist in expanding the brand.

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Property Features and Assets:

This conveniently located family salon believes in providing the most stylish and manageable looks for the entire family. The client base has been established during the prior 20 years and its broad range of services cater to men, women and children. This salon is located in a highly visable location in a NW suburb of Chicago and the owner has spent approximately $40,000 on interior improvements during the past 5 years including new wood flooring thruout. The interior build-out includes 8 styling stations, 3 shampoo stations and 2 dryer chairs. The leased space has a new furnace and air conditioner and an in-unit washer and dryer. All of the staff are certified beauticians and stylists specializing in hairstyling, make-up application, bridal parties, manicures and pedicures, Brazilian Blowouts, nail enhancements and dimensional hair color. The loyal and dedicated staff have produced solid and stable gross sales during the prior 5 years.

Market Competition and Expansion:

The risks are considered low because of the small monetary initial investment. The beauty industry trends will always grow due to vanity and fashion. Location, location, location. Increase hours of operation and add additional nail technicians.

Reason for Selling:

other interests

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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