MergerPlace

Elegant Salon and Spa in Great Location

Michigan (Oakland)


  • Asking Price: $79,000
  • Gross Income: $398,750
  • Cash Flow: $42,742
  • Real Estate: Not Disclosed
  • Inventory: $5,000
  • FF&E: $31,440
  • Listing ID: #205022
  • Established: 2013
  • Employees: 14

Business Description

Excellent opportunity to buy a high volume well established hair salon & spa in a desirable area of Oakland County.
This attractive and cozy salon features full line of hair and spa services with fantastic staff and established clientele base. Current owner is not a stylist and responsible for customer service, marketing and ordering, which could be delegated to other desk staff or accomplished from home.

The turn-key operation includes all equipment, supplies, inventory, website and much more.

This is a one of a kind opportunity and ideal for hair stylist or other spa specialist as well as someone looking to manage and grow their own salon.

More information is available with signed Non-Disclosure.


Business Details

Primary Business Category: Retail Trade - Beauty Salons, Barber Shops
Location: Michigan
County: Oakland

Company Information

Year Established: 2013
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 14

Financial Information

Asking Price: $79,000
Gross Revenue: $398,750
Cash Flow: $42,742
FF&E: $31,440
Inventory: $5,000
Seller Financing Available: Yes

Property Information

Facilities:

Well maintained salon is approximately 1,600 sq ft and features 7 hair stations, 2 nail stations, 2 pedicure stations, separate massage/facial room, make up area, and specious breakroom/storage & color/laundry. Gross lease at $2,163 and expires in April of 2019. The business is located in a very desirable busy area with great traffic exposure.

Growth & expansion opportunities:

Plenty of room to grow by utilizing extra chair time available. Other spa services could be further expanded with additional staff and marketing.

Competition:

Although there are several salons in vicinity, wonderful on-line reviews, dedicated professional staff and excellent location allow continuing success of the salon.

Reason for selling:

Retiring and moving out of state

Support & Training:

The owner will provide adequate training to insure smooth transition.

Contact Business Seller

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Business Listed By:

Tanya Popov

Inix Consulting and Brokerage