Upscale Hair Salon With Skin & Nail Care
Location:
United States
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Dist. of Columbia
Industry: Hair and Beauty > Beauty Salons and Barber Shops
Business Summary
An ultra modern premium service salon that caters to all ages in a very nice and friendly atmosphere. Strategically located in very busy part of N.W. which is close to everything! Hours of operation are Tue-Fri 9-7, Mon & Sat 9-5, Sunday: closed. Owner has 3 allocated parking spaces at $215/mo. Owner spared no expense to make the salon as appealing & chic as possible. He spent over $100k last year in renovations. Owner works in the salon and will happily work for new owner if need be. Owner has working for him: 3 receptionists, 2 assistants, and 1 stylist, so monthly payroll is: $14,320. In addition, he has 15 independent contracts working for him f/t and they rent chairs at $425/wk. Don't miss this very nice opportunity to own a well established & very successful business.
Facilities: A state of the art salon for sale that is well furnished. It is approximately 3,500 sq/ft. Rent: $8,500/mo. and current lease expires in Dec. 2010. The landlord will happily provide a lot longer lease for new tenant (buyer!).
Financials
Asking Price Range: $250K - $500K
Gross Revenues:
$1,000,000
Cash Flow:
$250,000
Cash Flow Type: Sellers Discretionary Cash
Seller Financing: Yes
About The Business
Year Established: 1985
Number of Employees: 6 - 9
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: 2 weeks training.
Reason For Selling: Other interests.
Click on the "I'm Interested" button above for more information on this Hair and Beauty > Beauty Salons and Barber Shops business for sale.
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Print Listing Id: 700106357
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