Business For Sale

Two Well Established Branded Salons Off Belt Hwy

Not Disclosed, MO
Buchanan County

Facing Belt Hwy


Asking Price: Annual Revenue:
$165,000 $565,282

Services: Hair, Nails, Spas, Tanning


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RE: Two Well Established Branded Salons Off Belt Hwy Broker: Vernon Suemnicht

Quick Facts

Asking Price: $165,000
Annual Revenue: $565,282
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $61,000
Real Estate: Not Disclosed
Year Established: 1980
Employees: 14
BBN Listing #: 36644695
Broker Reference #: BBN-STJ-2MO

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Business Overview:

Two Branded Hair Salons in St. Joseph, MO.
Salons are absentee owned and operated by managers.
Salon 1 opened in 2005 is a profitable salon with sales exceeding $300,000 the past four years. It has a history of solid revenues and profits over the past 4 years. It operates with 7 stylists and 9 chairs.

Salon 2 opened in 1980 and could use some attention. Sales exceeding $200,000 which is down from previous years where they had been in the $250,000 range. It has struggled for specific reasons such as key stylist having left, being closed two days a week, and payroll running much higher than it should. It has a lot of room for improvement under a new owner who could bring on additional stylists and adjust payroll. Currently, it is operating with 6 stylists 10 chairs.

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Property Features and Assets:

Salon 1 is strategically located facing highly trafficked South Belt Hwy, just down the street from a very busy Super Wal Mart Salon 2 is strategically located on highly trafficked N Belt Hwy surrounded by a strong retail market.

Market Competition and Expansion:

Very well established. Owner operator has a lot of additional upside.

Reason for Selling:

Diversifying

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 a franchise resale opportunity.

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Disclaimer:

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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