Hair Salon

Hair Salon

Available

$224,000.00

Listing Number :

 3612

Status :

Expired

Price :

$224000

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Area

1000

Description

Well established Hair and Nail Salon with great customer base in heart of busy town. This is a wonderful opportunity and a business to invest in. Seller claims that the business generates $493,000 in Gross Income per year and owner operate Net Income of $300,000 per year. What makes this opportunity a great one is the low Rent of $2,000/m with 4.5 Years left on the current lease and 1 x 5 years option. This establishment is 1000 sq.ft. in a fairly big shopping center with multiple parking spots. There are 5 x Hair Stations, 2 x Shampoo Bowls, 2 x  Manicure and  1 x Pedicure Station as well as 1 Facial/Waxing room. There is also a great size Storage and working washer and dryer available for use.Current owner has owned this business since 2008 and now is getting ready to retire.

3612

Business Information Financial Information
Ownership Type:  Sole Partnership
Year Established: 2008
Year Purchased:
Business Type: Hair Salon
License(s) Required: Business, Cosmotoligy
Hours of Operation:
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp:  No
Office Listing Number: 3612
Date Available: 1/9/2019
Reason For Sale: Retiring
Annual Total Revenue: 493000
Annual Net Income: 300000
Inventory:
Monthly Payroll:
Lease Information
Base Rent: 2000/m
Lease Expires: 2023
Lease Option: 1 x 5 years Option
NNN: included
 
Financing Information
Down Payment: 224000
Owner Will Carry:
Other Finance Terms:

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