NOT DISCLOSED, Maryland
| Asking Price |
$550,000 |
Year Established |
1988 |
|
| Annual Revenue |
$700,000 |
Reason for Selling |
Owner retiring |
|
| Annual P/L |
$0 |
Attention |
Michael McNamara |
|
| Annual Cash Flow |
$170,000 |
Listing Number |
1011612 |
|
| # of Employees |
10 |
Business Category |
Services: Hair, Nails, Spas, Tanning |
|
Business Overview:
In business at this prime location for almost 40 years! Seller was fortunate to get in at the ground floor with a good location, good landlord with favorable rent terms, surrounded by high-end clients, little competition, ample parking, and attractive neighboring businesses. 10 seasoned employees all happy to work for pay every day. Sometimes 11 if it’s busy. That includes 2 shampoo/receptionists that are hourly and the rest are stylists paid on commission.Rent is $4,600 including cam. 1,600 SF space with upscale and modern build-out. New, long-term, lease available for qualified tenants. Owner does some styling and the rest admin. Easing into retirement working only 20 hours per week these days.
Property Features and Assets:
Market Competition and Expansion:
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity