Growing Salon in a Growing Section of SE Tucson

Tucson, AZ
Pima County

Southeast Tucson area


Asking Price: Annual Revenue:
$275,000 $402,570

Services: Hair, Nails, Spas, Tanning


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RE: Growing Salon in a Growing Section of SE Tucson Broker: Robert Lenhard
License #: BR006949000
Owner Financing is Available!
Some owner financing is available along with an SBA 7a loan.

Quick Facts

Asking Price: $275,000
Annual Revenue: $402,570
Net Profit: $57,646
Cash Flow: $137,466
Total Debt: Not Disclosed
FF&E: $44,878
Real Estate: Not Disclosed
Year Established: 12
Employees: 6
BBN Listing #: 81115807
Broker Reference #: Not Disclosed

Email or Print Listing

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Business Overview:

The beauty salon was opened 12 years ago in the growing Southeast Tucson area. After researching the area for what might be their competition, the owners learned that there was very little competition for a new salon. Having operated very successfully and profitably except for the Covid pandemic in 2020, they have decided to retire to the White Mountains where they are building a new home. The company has been incorporated and has elected to be taxed as an S corporation.

The salon is without a doubt one of Tucson’s most modern salons. It offers a full range of hair care services. The employees are paid very attractive commissions and there has been hardly any attrition as a result. Operating hours are 9 AM – 7 PM Tuesday through Thursday. It is one of very few Paul Mitchell Focus Salons. The salon also generates some internet sales that the owner will explain if a prospect is interested. A very, professional website has been a valuable asset.

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Property Features and Assets:

The salon owner leases a beautiful space that is in a residential master-planned community. The lease expires August 31, 2025 with an option to renew for an additional sixty months. There is no other salon in the immediate area. Monthly rent payments are fixed at $1,400. Signage rental, water, and electricity total approximately $322 each month. Solar panels insure that there will be little variation in the monthly electricity used by the salon. A copy of the lease agreement and a typical monthly rental statement are available to a prospective purchaser. Photos available upon request show equipment used in the salon. One might note that the sinks are adjustable to accommodate each customer. All of the electrical equipment used by each stylist are on retractable cords. This eliminates electrical cords over which one could trip.

Market Competition and Expansion:

The salon was opened in an exclusive part to Tucson. Competition is limited and no competitor has a website. The salon for sale has a professionally designed website that has been an important asset generating new customer activity. Now that the Covid pandemic is over, 2022 revenues to date exceed the same period in 2021. This is a must see salon that is extraordinarily impressive.

Reason for Selling:

Retiring

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.

Relevant Links:

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