Established over 37 years by the same family.
The owner is retiring. It’s located in a busy and dense demographic area of outer Northern Suburb of the Twin Cities, within a great strip mall that includes a busy gas station and several other successful businesses.
There are 8 stations-each with a mirror, chair floor mats etc.
ASKING PRICE: Asking $38,000 for all the equipment and excellent build out with 8 stations and waiting area.
REASON FOR SALE: Retirement
GROSS SALES: Gross sales ranged in the $50k-$70k range before COVID.
CASH FLOW: Cashflow to an owner operator depends on his/her clients and how many of the 8 stations they rent out.
FACILITY: The space is about 1000 sq. ft. The owner is currently paying $2010 per month. Landlord would prefer that the salon remain a salon.
EMPLOYEES: Presently only the husband and wife work the business.