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!
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.