High End Profitable Salon / Spa
Location:
United States
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Minnesota
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Minneapolis
Industry: Hair and Beauty > Beauty Salons and Barber Shops
Business Summary
Priced at $280K, this established upscale full service hair salon located in busy Minneapolis NW suburban area is a great investment. All stylists are commission employees. Large client base of 8000+. The business has multiple hair stations, pedicure stations, manicure stations and massage rooms. The salon carries exclusive quality product lines that provide good profit margins. Perfect for a stylist looking to run their own salon or business looking to expand.
This is a turn-key business. SBA loan that is assumable to qualified buyer.
Owner is willing to finance a qualified buyer with good credit score and assuming SBA loan. Only 10% down if assuming SBA.
Financials
Asking Price Range: $250K - $500K
Gross Revenues:
$670,000
Cash Flow:
$100,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: all inventory fixtures furniture website
Seller Financing: Yes
About The Business
Year Established: 2003
Number of Employees: 10 - 19
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: As necessary by buyer - business runs with absentee owner.
Reason For Selling: retiring
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: 70078969
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