Business For Sale

Hair Salon for Immediate Sale

Not Disclosed, MI
Washtenaw County

Asking Price: Annual Revenue:
$65,000 $64,417

Services: Hair, Nails, Spas, Tanning

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RE: Hair Salon for Immediate Sale Broker: Michelle
Owner Financing is Available!
Owner willing to consider various terms for qualified buyer

Quick Facts

Asking Price: $65,000
Annual Revenue: $64,417
Net Profit: Not Disclosed
Cash Flow: $28,508
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1990
Employees: 2
BBN Listing #: 22549621
Broker Reference #: MW

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Business Overview:

Hair Salon offers 9 hair stations, 2 rooms wired for tanning, 1 massage room, 3 sinks, 3 dryers and so much more. Business has been in operation for 25 years. Leased space has major traffic traveling by in Washtenaw County. A full service facility. Beauty spa provides all hair, skin and nail services, including massage, facials, and waxing. Facility has a roof storage area, laundry, kitchen, and one bathroom. Eight stylists and the nail technician contribute to the bottom line. Most stylists have been with the company a long time; very little turnover. Client base is families. Total sales include retail products and chair rentals which support the rent. All business licenses are up to date. Plenty of parking in front of the business. The ideal buyer will have experience in the beauty / barber shop / hair styling business with a strong desire to grow from a solid base. The owner will consider staying on in the business supporting the new owner. Owner is willing to look at all potential offers, terms and conditions.

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Property Features and Assets:

1230 sq ft is being utilized. $2300 per month, tenant pays utilities, no CAM. There are 9 Stylist Stations, 3 sinks, 3 pedicure stations, standard beauty and spa furniture, fixtures and equipment, laundry equipment, shelving. Salon totally remodeled 2016. Many exterior building improvements have been completed. Additionally, new businesses in the mall will help increase walk-in clients. Great location in a busy strip mall. High traffic area with excellent parking and access. Since health issues are improving, owner is taking steps to market the business with social media, which has proved to help increase sales. Also owner is now involved in sponsoring community events which helps drive and increase sales.

Market Competition and Expansion:

Competition is high; they beat the competition as part of their uniqueness is the comfortable family environment. Growth/Expansion: A new owner or partner combining their talents, networking and other social media-focused advertising would help grow the business back to where it was before the owner had health problems.

Reason for Selling:

less stress required for health reasons

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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