Business Description
Well established HAIR SALON/SKIN and FACIAL Business- Established 10 years ago this has a very good client list. It’s located in a busy and dense demographic area of outer Northeast Suburb of the Twin Cities, within a busy strip mall. Sellers recently changed to renting stations rather than paying hourly wages to Stylists. Sellers are very motivated and therefore asking less than asset value!
Business Details
ASKING PRICE: Asking $65,000 plus inventory for all the equipment and excellent build out.
REASON FOR SALE: Retirement
GROSS SALES: Gross sales in 25 were $481,484
CASH FLOW: Cashflow to an owner operator depends on his/her clients and how many of the stations they rent out.
FACILITY: The space is about 3200 sq. ft. The owner is currently paying $5,000 per month. Landlord would prefer that the salon remain a salon.
EMPLOYEES: Presently there are the two owners and 3 part-time receptionists.
