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Salon & Spa
Location: United States -> Illinois -> Frankfort
Industry: Hair and Beauty > Beauty Salons and Barber Shops




Business Summary

The salon and spa is located in Frankfort, IL. We will not be selling the name nor the services. We are selling the assets inside (we have a list that includes the stations, mirrors, reception desk, showcase, backwash, hair drying area, custom made color rack, etc) and with the agreed lease agreement from the landlord. We have not discussed this with our staff yet since this sale is fairly new, but i am sure that a few of them would be willing to stay on - they are currently at commission. We have 6 stations in the salon, a separate room for the spa services with a massage table, facial machine and microdermabrasion machine, a pedicure station. 90% of the equipment we are selling is brand new purchased in may through June 2010.

Our lease is for 5yrs and the first 2yrs are at $2,500 and then next after that go up 3% i believe. We still have to work with the landlord to make sure they will give the buyer our lease. I don't believe this will be an issue since they have several open units, but i wanted to inform you of the this possibility. We have heard that other tenants pay $4,000+ on their leases, so we received a good deal when we signed ours. If you are interested in a showing let us know. Contact for more information on this salon & spa for sale.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $130,000
Cash Flow:   $30,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $10,000
Seller Financing:  No

About The Business

Year Established:  2010
Number of Employees:  4 - 5
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Yes.
Reason For Selling:  Other business taking too much time away from focusing on this location.




Print Listing Id: 700142956
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Related Searches: Beauty Salons and Barber Shops  >  Hair and Beauty Supplies Retail and Distribution  >  Tanning Salons  >  Other Hair and Beauty  > 

Also See: Franchise Opportunities > Franchise Resales > Illinois Businesses For Sale > Illinois Franchises For Sale > Illinois Business Brokers



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