Upscale Hair Salon

Location: United States -> Nevada -> Henderson
Industry: Hair and Beauty > Beauty Salons and Barber Shops

The price has been drastically reduced from $135,000 to only $67,500 for a fast sale! This Upscale hair and nail salon for sale has a fashion boutique and professional hair care center all conveniently located in the same space. This spacious 2,500 sq. ft. salon has a fantastic lay out with 16 hair stations, 2 nail stations, a break room, laundry room, office space, and a relaxing shampoo room. in. Since the new owners took the space over in June of 2007 they have increased the number of stylists from 3 to 9 and increased the net profit by more than 200%.The financial income figures are a projection of this years current income. The Salon is well promoted and advertised through their website various direct mailing campaigns, yellow book, magazine listings and a range of other media. The 8 full time stylists rent for $275 a week and the nail tech rents for $150 a week and have 2 part time receptionists. These owners have created an exceptional reputation for quality and customer service in just a short amount of time, but they have family commitments that are needed out of state so they are looking for a buyer who would like to continue their efforts in creating a truly successful salon. Listed for sale at $135,000. All written offers considered.

Financials

Asking Price Range: < $250K
Gross Revenues: $161,094
Cash Flow: $52,632
Cash Flow Type: EBITDA
Inventory: Fixtures & equipment $50000. Inv $5000.
Seller Financing: Not Disclosed

About The Business

Year Established: 2007
Number of Employees: 6 – 9
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Not Applicable

About The Sale

Management Training and Support: To be agreed upon.
Reason For Selling: Family issues out of state.