Total of 18659 firms and businesses for sale today Monday 6th May 2024
Sold. Upscale Hair Salon Business
LISTING DETAILS
Firms For Sale ID:
28429
Vendor reference:
8022-11-52
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Business opportunity:
Asking price:
$120,000
Furniture, fixtures, fittings and stock included.
Furniture, fixtures, fittings and stock included.
Turnover / revenue:
$210,977
Net profit / cashflow:
$72,756
Years established:
2007
Trading hours:
Tue.10-6; Wed. 11-7; Thu. 12-8; Fri.10-6; Sat. 10-4
Number of employees:
6
Business website:
OTHER DETAILS
Reason for selling:
Seller would like to venture to New Opportunities.
Financing available:
The Seller is willing to finance up to $40,000.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
Lease rate of $1,950 is low compared to surrounding hair salon leases. Location is approximately 780 sq. ft.
Rent:
$23,400 per annum
BUSINESS DESCRIPTION
VR Business Sales Presents: Well established hair salon located in an upscale area of Central Edmonton. The salon provides full spectrum of hair care services and also sells an array of quality hair care products. The interior is cozy and elegant, and equipment recently replaced by new. The salon has 6 hair stations, 2 shampoo/wash stations & 1 hair dryer station. In recent months the owner has changed his revenue stream from commission based hair stylists to monthly chair rental fees, of which only 60% is required to cover all current operational costs of the business. This new business model has allowed the owner to simplify his business and have more time to increase his own hair stylist revenue. Extending business hours would be an easy and excellent opportunity for growth for a new owner. A MUST SEE! Seller financing is available for qualified buyer.
Market / Competition / Non-Competition Agreements
In addition to being well established for over 4 years, the recent revenue stream based on stylists renting chairs vs. former commission based stylists has made this business a "turnkey" and easy to manage business for any potential owner.