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Famous Well Established Salon
Location: United States -> Nebraska -> Omaha
Industry: Hair and Beauty > Beauty Salons and Barber Shops

Business Summary

List Price - $276,000 - Award winning nationally recognized salon with average profits exceeding $100,000! Highly experienced staff are well regarded and popular in the local fashion community, and are often called upon to design hair and makeup at fashion shows and other events. With some staff that have tenure of well over a decade, this salon has cemented its reputation with rave reviews and awards for the company and the high achieving staff. Open for 22 years, this salon has kept many of its very first customers, and experienced very low turnover among its top staff. With 10 employees - 2 Senior Master Designers, 2 Master Designers, 1 Senior Designer, 1 Stylist/Extensions/Color Specialist, 2 Hair Designers, and 2 Front Desk Coordinators, all staff are employed except for 2 1099, and all but one are full time. This business is running at peak efficiency, and its current real estate is prime. The only growth opportunity at the moment would be to expand to the open bay next door and offer separate spa services. The high end clientele would easily support the progression.

In the first year, a Buyer with a $27,600 down payment can expect to profit $57,701, or make a 209% return on their down payment after all debts and expenses are paid.

Growth Opportunities: expand to bay next door and offer spa services
Current Owner's Responsibilities: Managing employees, and books, works part time as stylist


Asking Price Range:  $250K - $500K
Gross Revenues:   $469,919
Cash Flow:   $102,364
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $15,000
Seller Financing:  Yes

About The Business

Year Established:  1994
Number of Employees:  10 - 19
Relocatable:  Yes
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  90 Days
Reason For Selling:  Semi - Retirement

Print Listing Id: 700266667
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Related Searches: Beauty Salons and Barber Shops  >  Hair and Beauty Supplies Retail and Distribution  >  Tanning Salons  >  Other Hair and Beauty  > 

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