MergerPlace

Beauty Salon and Day Spa

Illinois (Cook)


  • Asking Price: $175,000
  • Gross Income: $681,917
  • Cash Flow: $80,768
  • Real Estate: Not Disclosed
  • Inventory: $40,134
  • FF&E: $241,745
  • Listing ID: #218533
  • Established: 1996
  • Employees: 4 FT / 30 PT

Business Description

The beauty salon/day spa operates at a busy intersection in the southwest suburbs of Chicago. The business provides hair styling and make-up services, skin care, nail care, waxing, facials, wraps and massage services. A full line of services is offered for both women and men. Full package offerings including two or more services are available. Individual packages are offered for special occasions such as weddings.


Business Details

Primary Business Category: Retail Trade - Beauty Salons, Barber Shops
Location: Illinois
County: Cook

Company Information

Year Established: 1996
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 4 FT / 30 PT

Financial Information

Asking Price: $175,000
Gross Revenue: $681,917
Cash Flow: $80,768
FF&E: $241,745
Inventory: $40,134
Seller Financing Available: Yes

Property Information

Facilities:

The shop is located at the intersection of two business thoroughfares. There is 3,167 square feet sectioned into 15 hair stations, 4 treatment rooms, 4 nail stations, 1 make-up station and 2 washrooms. The store also has 1 shower room, 4 pedicure chairs, 5 shampoo bowls and a color mixing room.

Growth & expansion opportunities:

The potential for growth exists in many areas. Increased advertising under a multi-media strategy would increase awareness of the services available. Addition of services such as blow-dry bar, Brazilian blow-outs and hair extension bar would offer more choices for hair care needs. Increased services for men would take advantage of a fast growing new segment of the industry.

Competition:

The beauty industry is a competitive environment. Multiple individual competitors are found in hair care, nail care and massage. Limited competitors are found that provide a full compliment of services to allow one-stop shopping for multiple personal and beauty needs. The ability to deliver multiple services separates this salon/spa from the rest of the industry.and delivers the competitive advantage to this business.

Reason for selling:

The salon and day spa was started and is owned by two sisters. One sister manages the day to day operations of the spa. The second sister acts as both on-site manager manager and works in the spa. The managing sister wishes to retire. The on-site managing sister will continue on as a stylist under new ownership.

Support & Training:

Will train for 4 weeks @ no cost This is a full service salon and day spa. Owners need skill sets to include management of a diverse staff, operational ability to run a business with multiple departmental income streams and customer service abilities to retain and attract new customers. Employees performing hair care services need to be licensed by the State of Illinois.

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Business Listed By:

Terry Flanagan

Murphy Business Brokers