LISTING DETAILS
Listing Status: New
Asking Price: $150,000
Real Estate Asking Price: N/A
FFE: $25,000
Inventory: $1,000
FFE Included in Sale: Yes
Inventory Included in Sale: Yes
Description
Business Summary:
Unique opportunity to take over a professionally built out and nicely equipped salon space. The business is situated in a well-regarded shopping center and the salon has been in the same space for the past 11 years. The fully finished build out would cost roughly $250,000 if the job were completed today. There are 6 stations along with 2 shampoo and 1 dryer station. The space measures 1,100 square feet and is leased for $4,000/month. The current lease term runs through 2030, but the landlord has expressed openness to renewal through 2036.
There are currently no other employees aside from the owner. The business owner is retiring and has been operating the business in semi-retirement mode for the past couple years. The combination of a built out salon space in a sought after location makes for a compelling turnkey opportunity for someone to take over and create their own salon concept. A salon with this build out is set up to handle anywhere from $400,000-$600,000 in annual gross sales and with a more driven owner in place can get back into its prime sooner rather than later!
Description of Facilities: There are 6 stations along with 2 shampoo and 1 dryer station. The space measures 1,100 square feet and is leased for $4,000/month.
Seller Financing Available: Yes
Seller Financing Terms: Seller is open to offering some seller financing based on final purchase price, deal terms, and buyer qualifications.
Reason for sale: Owner is retiring.
Training & Support: N/A.
For more information on this listing, please complete our Buyers Package starting with our Non-Disclosure Agreement
