Upscale Hair Salon
Location:
United States
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Minnesota
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Twin Cities
Industry: Hair and Beauty > Beauty Salons and Barber Shops
Business Summary
For more information about this listing please email or call Rich Kelm at 651-484-2677. This large, upscale full service hair salon for sale has the right ingredients for success. Located in an upscale neighborhood and busy downtown suburban area, the business has remained in the same location for 17 years. The owners rent chairs to the stylists on a part-time or full-time schedule, providing consistent revenue to the salon. The stylists are independent contractors, allowing each to work on and grown their own customer base. There are 18 stylists that rent chairs within the salon and a lot of the stylists have been at the salon for over 15 years. The salon carries quality product lines that provide good profit margins. The business was remodeled a few years ago including the new chairs and redesigned lobby. This salon offers some terrific options for a new owner. An owner-operator can bring in their clientele or a manager choosing not to cut hair can concentrate on increasing customers and stylists. The current owners want to rent chairs from the new owner and the above cash flow includes that rent. This is a turn-key business. and a great opportunity for someone to own their own salon. The owner will finance a qualified buyer. This business for sale is presented by Sunbelt Business Brokers - Midwest.
Financials
Asking Price Range: < $250K
Gross Revenues:
$311,607
Cash Flow:
$130,922
Cash Flow Type: Sellers Discretionary Cash
Inventory: $90,000
Seller Financing: Yes
About The Business
Year Established: 1989
Number of Employees: 4 - 5
Relocatable: Not Disclosed
Franchise: Not Disclosed
Current Real Estate: Leased
Property: Property For Lease
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: 70089833
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