Hair Salon & Spa

File# C2470
Location: Macomb County
Business Price: $185,000
Down Payment: $75,000
Monthly Payment:$2,178.11
Interest Rate: 7%
Amortization Period:60 months
Gross Sales: $473,111.33
Source: 2018 Seller Revenue Statement
Cash Flow: $112,854.18
Source: 2018 Seller Revenue Statement
Inventory: $15,000
Days Open: Monday - Saturday
Business Hours: Mon 10-6, Tues-Thurs 10-9, Fri 10-6, Sat 9-4
Seats: NA
Parking: ample
Licences Required:Sales Tax
Year Established:2007
Year Acquired: 2007
Monthly Rent:$2,025 Gross

Profile:

Owner is currently in the process of remodeling this salon completely! This is a great opportunity to own a successful upscale salon in an upscale area of Macomb County. This salon is being sold only due to owners serious health issues. Besides being very successful, the salon has a big opportunity to do even more in sales. This is a full service salon that has stylists that are paid a percentage split as opposed to chair rental. The majority of the stylists are at 45% commission. There are also two ladies that run the front counter. The salon uses and sells the Glow Minerals cosmetics line of products. Currently the salon does not do nails but plans on adding that service back in January of 2019. The salon offers the services of coloring, perms, facials, spray tanning and waxing. A new owner should add more esthetician services as well as massage therapy to increase sales. Currently the salon for 2017 has not been doing all of the services that it used to do because of the owners current health issues. A new owner should add all of the services back to make it a full service salon and increase sales dramatically like it used to be. The salon is situated in a beautiful plaza on a busy road with other great anchor tenants in the plaza which all tend to bring in a great amount of traffic into the plaza. Don’t miss out on this great opportunity! Seller very motivated. Call today to set up an appointment to tour this great business and purchase it before it gone!

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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.