2 Months - 5 New Stylists - $50,000 of New Sales!

Asking Price$305,000

Cash Flow
$142,354
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$759,796

Inventory$27,000
Included in asking price
FF&E$45,000
Included in asking price
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2 Months - 5 New Stylists - $50,000 of New Sales!


Asking Price$305,000

Cash Flow
$142,354
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$759,796

Inventory$27,000
Included in asking price
FF&E$45,000
Included in asking price
Business Description
5 Experienced hair stylists were added in June to this successful salon. All 5 expect their clients to come with them as their old salon closed down. The owner expects revenue will increase by $28,000 to $30,000 PER MONTH!! This is a highly Google rated full service salon and spa provides hair care, nail care, skin care, and massages. It has great opportunity to grow as there is still plenty of physical room to add more stylists at the location in addition to continued local population growth with higher household incomes. In addition to the 14 stylist stations, the 5 shampoo chairs, and the 4 dryer chairs, there are massage tables & chairs, pedicure chairs, and all the other equipment and facilities that can provide quality salon & spa experience to their clients. These personal services are offered in an attractive setting that was remodeled just a few years ago.
About the Business
Years in Operation
41
Employees
17
Currently Relocatable
Yes
Facilities & Assets
For over 4 decades, this salon & spa has been located in a convenient well maintained strip mall. The 2,613 square feet of leased space was attractively remodeled several years ago and has a very inviting look for their clients.
Market Outlook / Competition
Obviously, there are other salons / spas in the greater Twin Cities area, but this business has an over 4 decade history at if's existing location and an outstanding reputation and high Google reviews.
Opportunities for Growth
There is an excellent opportunity to grow as there is room to more than double the number of hair stylists. With it's outstanding reputation, additional stylists will be able to handle the new clients who wish to come into the salon and spa today. The salon & spa is located in an area that has continued residential growth with higher household incomes.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
2,613
About the Sale
Seller Motivation
The owner wishes to start the process toward retirement.
Transition Support
Will train for 2 weeks @$0 cost.
Listing Info
ID
2310716
Listing Views
813

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Business Listed by: Darrel Damhof Murphy Business & Financial Corporation

Listing ID: 2310716 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.