Business For Sale

Hair and Spa Salon South Suburbs

Not Disclosed, IL
Cook County

Chicago South Suburbs


Asking Price: Annual Revenue:
$182,500 $1,092,222

Services: Hair, Nails, Spas, Tanning


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RE: Hair and Spa Salon South Suburbs Broker: Jim Peddle
Owner Financing is Available!
$50,000 seller note.

Quick Facts

Asking Price: $182,500
Annual Revenue: $1,092,222
Net Profit: Not Disclosed
Cash Flow: $113,084
Total Debt: Not Disclosed
FF&E: $241,269
Real Estate: Not Disclosed
Year Established: 1998
Employees: 40
BBN Listing #: 238750522
Broker Reference #: PB16140

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Business Overview:

This award winning hair and spa salon has maintained its excellent reputation and fantastic services for nearly 20 years. The Business is conveniently located in a high traffic area in a desirable Chicago suburb. The salon consistently makes over $1mm in annual revenues.

This business has been recognized numerous times over the past 10 years for its service levels and offers a total Salon experience for customers including Hair, Nails, Waxing, Facial Treatments, Skin Care and Massage. It’s truly a one stop destination for all its clients' unique and personal beauty needs. The Salon also does styling for bridal parties and other formal events and many of its stylists have been asked to participate in beauty shows and competitions.

The Company employs a full staff of Stylists, Nail Techs, Massage Therapists, Aestheticians and Front Desk Support. The Owner/Operator is active with hiring, scheduling, payroll and accounting and will offer a full training and transition for the new owner.

Interested buyers are required to execute an electronic NDA prior to the disclosure of the name and location of the Company. Please call Jim Peddle.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

The Company operates out of a single 3,000+ square feet facility that includes a full-service hair salon, single rooms for massage therapy, and a shampoo station. The property is located in a shopping center and leased by a third-party landlord. The lease has been renewed for 2019.

Market Competition and Expansion:

The Company has several direct competitors in the form of other beauty salons and spas in the Greater Chicago area. However, unlike its competitors, it has received numerous awards and its nail technicians and stylists have also been asked to participate in beauty shows and competitions. The majority of the Company's new customers find the business through its website and customer referrals. Most of its customers are from its neighborhood but thanks to its excellent reviews its customer base has expanded to the Northern Suburbs. The company website has an up to date list of all the services the Company offers and the prices for each.

Reason for Selling:

Retirement

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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