MIDLOTHIAN, Virginia
| Asking Price |
$150,000 |
Year Established |
|
|
| Annual Revenue |
$0 |
Reason for Selling |
Owner is retiring. |
|
| Annual P/L |
$0 |
Attention |
Lex Meredith |
|
| Annual Cash Flow |
$0 |
Listing Number |
1018586 |
|
| # of Employees |
|
Business Category |
Services: Hair, Nails, Spas, Tanning |
|
Business Overview:
Unique opportunity to take over a professionally built out and nicely equipped salon space. The business is situated in a well-regarded shopping center and the salon has been in the same space for the past 11 years. The fully finished build out would cost roughly $250,000 if the job were completed today. There are 6 stations along with 2 shampoo and 1 dryer station. The space measures 1,100 square feet and is leased for $4,000/month. The current lease term runs through 2030, but the landlord has expressed openness to renewal through 2036.
There are currently no other employees aside from the owner. The business owner is retiring and has been operating the business in semi-retirement mode for the past couple years. The combination of a built out salon space in a sought after location makes for a compelling turnkey opportunity for someone to take over and create their own salon concept. A salon with this build out is set up to handle anywhere from $400,000-$600,000 in annual gross sales and with a more driven owner in place can get back into its prime sooner rather than later!
Property Features and Assets:
<p>There are 6 stations along with 2 shampoo and 1 dryer station. The space measures 1,100 square feet and is leased for $4,000/month. The current lease term runs through 2030, but the landlord has expressed openness to renewal through 2036.<br></p>
Market Competition and Expansion:
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity