Business For Sale

Salon North Side Chicago Real Estate Available

Chicago, IL
Cook County

Desirable Northern Chicago Neighborhood

Asking Price: Annual Revenue:
$250,000 $898,862

Services: Hair, Nails, Spas, Tanning

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RE: Salon North Side Chicago Real Estate Available Broker: Jim Peddle
Owner Financing is Available!

Quick Facts

Asking Price: $250,000
Annual Revenue: $898,862
Net Profit: Not Disclosed
Cash Flow: $119,922
Total Debt: Not Disclosed
FF&E: $10,000
Real Estate: Not Disclosed
Year Established: 2009
Employees: 17
BBN Listing #: 887250522
Broker Reference #: PB16165

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Business Overview:

This well established, must see, Upscale Salon is located in an extremely desirable Northern Chicago neighborhood very close to public transportation. With its excellent location and team of expert stylists, colorists, and aestheticians, the Company has cultivated a fantastic reputation and a loyal customer base. The Company takes a lot of pride in being able to deliver the absolute best beauty services it can for its clients. The Company’s many satisfied customers state in their reviews that the employees can do just about everything from the perfect wedding updo to repairing damaged hair. Most new customers become repeat customers. The Company offers services for men, women, and children as well, making for a well-rounded and affluent customer base.

The Company is best known for its fantastic hair color services. Its customers frequently leave incredible reviews and photos of their transformations. The Company also excels in haircuts and styling for its upper middle class demographic.

Salon Owner is Motivated to Sell. Real Estate is Available for Sale. Owner Would Like to Sell Both the Business & Real Estate to One Buyer.

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Property Features and Assets:

The Company operates out of an 1,800 square feet building that the seller owns. It has a backlit retail space, front desk, 8 styling chairs, 3 color processors, 3 shampoo bowls, aesthetician’s room, back room with washer and dryer that doubles as a break room and color mixing area.

Market Competition and Expansion:

The Company has three major competitors within a five block radius of its location. One is a much larger salon while the other two are smaller. The current owner has gone to great lengths to train the front desk staff to learn the Company's top customers’ names, faces and preferences. This gives its clients a feeling of belonging in a warm environment that its larger competitors lack. The Company also carries several specific high end and harder to find retail product lines. There is a huge opportunity for growth. A new owner could eventually double shift if they brought on more stylists. The skincare room is a lesser known part of the business that the current owner has found hard to market as effectively. If a new owner found more creative marketing tools to expand that business, they would greatly increase their income. Other services, such as lash extensions and microblading, could also be added to the service menu to cater to a wider variety of client needs. If the new owner brings in more stylists, the business hours could be expanded and more chairs could be added to the salon floor.

Reason for Selling:

Seller Relocating.

Additional Details:

  • The property is owned.
  • 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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