Business For Sale

Upscale Hair Salon & Spa

Chicago, IL
Cook County

Asking Price: Annual Revenue:
$144,999 $521,330

Services: Hair, Nails, Spas, Tanning

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RE: Upscale Hair Salon & Spa Broker: David Burchert
Owner Financing is Available!
Owner financing may be available for a qualified buyer only.

Quick Facts

Asking Price: $144,999
Annual Revenue: $521,330
Net Profit: Not Disclosed
Cash Flow: $90,000
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: 2016
Employees: 17
BBN Listing #: 424544552
Broker Reference #: 5717-81563

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Business Overview:

Full-service salon and spa located in Chicago's Loop neighborhood.

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Property Features and Assets:

This hair salon and spa benefits from its Chicago Loop location and the leased space has a tanning room, massage room, facial waxing room and a private salon suite which provide additional revenue streams and have boosted the growing sales. Hair and color, nails, skin/face and body services are offered by an expert team that provide beauty treatments while maintaining a high level of customer service. Sales were $441,000 for 10 months of operation in 2016 and are projected to be $600,000 in 2017. Considerable repeat customers with 90% by appointment. The Owner will consider financing a portion of the sales price to a qualified buyer that has salon experience.

Market Competition and Expansion:

A highly competitive industry but the 3,600 Square Feet space is in a highly visible location which produces considerable walk-in traffic. Location and marketing are big factors in the success of this salon. Showing Comments Contact David Burchert or email us. Potential Growth Available hair stations and treatment rooms can accommodate additional employees or stylists. Additional advertising could promote use of the private salon suite, spa parties and other private events.

Reason for Selling:

Other business 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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The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.

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