MergerPlace

Full Service Trendy Hair Salon in a Busy

Michigan (Macomb)


  • Asking Price: $84,900
  • Gross Income: $359,931
  • Cash Flow: $39,284
  • Real Estate: Not Disclosed
  • Inventory: $10,000
  • FF&E: $50,000
  • Listing ID: #211848
  • Established: 2012
  • Employees: 11

Business Description

We are pleased to introduce for sale a busy salon in a desirable location on the east side of Metro Detroit area. Open since 2012, the salon features full line of hair and nail services, makeup application and eyelash extensions.
Wonderful staff currently consists of 10 hair stylists and one nail tech renting a chair at $450 per month. The owner is responsible for day to day management duties. Most stylists have been with the salon for a few years and dedicated to their clientele and salon’s success. The turn-key operation includes all equipment, supplies, inventory, excellent website and much more.
This opportunity is ideal for a 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. All buyers must show financial capability.


Business Details

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

Company Information

Year Established: 2012
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 11

Financial Information

Asking Price: $84,900
Gross Revenue: $359,931
Cash Flow: $39,284
FF&E: $50,000
Inventory: $10,000
Seller Financing Available: Yes

Property Information

Facilities:

Located on a busy street with great traffic exposure and ample parking. Salon occupies 2,550 sq. ft. with $2,832 monthly lease currently on the month to month basis. Great landlord to work with. Tastefully decorated space includes 15 stations with separate spa and nail rooms.

Growth & expansion opportunities:

The salon certainly has significant room to grow with 15 stations available. The current owner would be happy to share growth opportunity and expansion ideas.

Competition:

The business is located in a desirable busy area surrounded by plenty of residential neighborhoods.

Reason for selling:

Looking to concentrate on the primary business.

Support & Training:

Seller is willing to train new buyer for successful transition.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Tanya Popov

Inix Consulting and Brokerage