Established Hair Styling Business - 31094

Not Disclosed, MI
Washtenaw County

Asking Price: Annual Revenue:
$163,500 $159,493

Services: Hair, Nails, Spas, Tanning

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RE: Established Hair Styling Business - 31094 Broker:
Owner Financing is Available!
$81,500.00 Down & $82,000 at 8% over 60 months.

Quick Facts

Asking Price: $163,500
Annual Revenue: $159,493
Net Profit: Not Disclosed
Cash Flow: $53,575
Total Debt: Not Disclosed
FF&E: $9,525
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 6
BBN Listing #: 80784447
Broker Reference #: 31094

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Business Overview:

Business established in 1998 as a hairdressing franchise, in the shopping mall adjacent to their current location. The business was purchased in September 2001, and moved to its current location in 2003. The owner purchased the business independence from the franchise in 2008. This business provides all types of hair care services for women, men and kids. They are the value leader in the surrounded area, with nine stylist stations, three shampoo stations and three dryers. There are $50,000 book-value salon-specific leasehold improvements included. There is a lobby, waiting area, kids play area, enclosed office, luncheon room, color preparation and stock room and toilet. The current lease is month-by-month- new lease required. Owner is a stylist, willing to sign a five-mile, five-year non-compete agreement, and can be available for a 30-day transition period. Please contact the broker or email us for more information.

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Additional Details:

  • The property is leased.
  • The owner is not 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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