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- RE: Profitable Salon Studio In Desirable Location
- Contact: John McCleary
Quick Facts
Asking Price: | $450,000 | |
Annual Revenue: | $1,118,184 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $175,101 | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | 2010 | |
Employees: | 13 | |
BBN Listing #: | 946819 | |
Broker Reference #: | Not Disclosed |
Business Overview:
This salon studio was established in 2010 by the current owner. At this studio, employee training and education are of paramount importance. Dedicated to providing exceptional service, the studio works exclusively with a set few high-quality hair products.
The current owner is a stylist and this would work best for someone who has their own client base to fully maximize their cash flow. The cash flow will be roughly $50,000 lower if one were to run the business but not have income as a stylist.
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Property Features and Assets:
The hair studio operates out of a 1,325 sq foot building, well-positioned across the street from a bustling shopping mall. The salon provides ample parking options, ensuring convenience for both employees and clients. The salon benefits from foot traffic generated by the mall, providing a constant stream of potential customers. The monthly rent for this location stands at $5,250 / month.
Market Competition and Expansion:
The hair studio operates out of a 1,325 square foot building, well-positioned across the street from a bustling shopping mall. The salon provides ample parking options, ensuring convenience for both employees and clients. The salon benefits from foot traffic generated by the mall, providing a constant stream of potential customers. The monthly rent for this location stands at $5,250 / month.
Reason for Selling:
After many years in the industry, the current owners are looking to pass the torch to the next generation.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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