Salon & Spa-Farmington Hills

File# C2465
Location: Oakland County
Business Price: $59,900
Down Payment: $29,900
Monthly Payment:$579.98
Interest Rate: 6%
Amortization Period:5 years
Gross Sales: $166,968
Source: Income Statement 10/1/2017 thru 9/30/2018
Cash Flow:
Source:
Inventory: $4,000
Days Open: Tuesday - Saturday
Business Hours:
Seats: NA
Parking: ample
Licences Required:Cosmetology Business License
Year Established:2005
Year Acquired: 2017
Monthly Rent:$2,122 NNN

Profile:

This is an excellent opportunity to purchase a nice salon and spa located in Farmington Hills, MI. It has 8 stations, 3 shampoo bowls and 3 drying stations. There is also as esthetician/massage/waxing bed. Services include men’s and women’s hair, color, perms, styling, and waxing. They are NOT permitted to offer manicures or other nail services because there is a nail salon in the center. They also sell a variety of professional products in the retail area.
Purchaser is not licensed to perform any services. Her role is acting as the manager and receptionist. The ideal buyer is someone who is licensed with a book of business in the Farmington Hills area. Also, they should offer more esthetician services and massages
Employees are NOT aware of the sale. Tours of the salon are to be scheduled on Mondays when the salon is closed.

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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.