Business For Sale

Long Established Hair Salon with Modern Decor

Murray, UT
Salt Lake County

Asking Price: Annual Revenue:
$30,000 $187,493

Services: Hair, Nails, Spas, Tanning

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RE: Long Established Hair Salon with Modern Decor Broker: David Keith
Owner Financing is Available!
With $22,000 down $8,000 of the purchase price may be paid at $358.18 per month for 24 months including 7 % interest.

Quick Facts

Asking Price: $30,000
Annual Revenue: $187,493
Net Profit: Not Disclosed
Cash Flow: $63,600
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2002
Employees: 1
BBN Listing #: 997732040
Broker Reference #: Not Disclosed

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Business Overview:

This is a beautiful facility which was originally built out as a Fantastic Sams. It was successful as a Fantastic Sams for 4 years. The business sold and the current owners changed it from a Fantastic Sams 2 years later when the franchise agreement ended. Gradually the business lost its employees and much of its revenue due to the fact that the owner/operator struggled with the English Language.

The facility is still beautiful with 9 hair stations, 3 shampoo stations and 2 dryer stations. This would make a great salon or barbershop with bringing in new employees, signage, etc.

The revenue and cash flow herein is a projection

Despite the loss of employees, the current operator has had positive cash flow from walk in traffic and repeat business. But is the only stylist at the salon.

It is estimated that the original build out exceeded $150,000.

Seller's are relocating out of state and this is the reason for sale.

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Property Features and Assets:

Attractive business in a very busy strip mall with a Smith's Food and Drug as main Anchor Store. On one of the busiest traffic streets in Murray. There is 1.5 years left on the current lease. There is no reason to believe landlord will not extend lease or modify for a new owner.

Reason for Selling:

Relocating our of State.

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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