Upscale Salon and Spa (Pending)

File# C2418
Location: Novi
Business Price: $99,000
Down Payment: $45,000
Monthly Payment:$1,043.97
Interest Rate: 6%
Amortization Period:60 months
Gross Sales: $168,797
Source: 2016 Summary
Cash Flow: TBD
Source: TBD
Inventory: $5,000
Days Open: 5 Days
Business Hours: Tuesday - Saturday 10-7
Seats: 6 in customer waiting area
Parking: ample
Licences Required:Business
Year Established:2002
Year Acquired: 2002
Monthly Rent:$3,600 plus annual CAM overage of $533 for 2017

Profile:

This is a beautiful, upscale salon located in a highly desirable area in Novi, MI. They have 10 Hair Stations, 3 Shampoo Stations, 4 Nails Tables, 2 Spa Pedicure Chairs, an Esthetician Room w/Bed, Color Bar and more. Owner will stay on a part-time basis after closing. 4 of the stylists earn 45% on a W-2 basis and there is one chair rental @ $250 per week.

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This information has been supplied to Broker, Capital Business Brokerage, Inc. by Seller or obtained from other sources. Broker has not and will not verify the accuracy of this information. It is recommended that Purchaser independently verify the accuracy of this information with Purchaser's counsel.