| Location: | South East Michigan |
| Business Price: | $50,000 |
| Down Payment: | CASH |
| Monthly Payment: | N/A |
| Interest Rate: | N/A |
| Amortization Period: | N/A |
| Gross Sales: | $246,094 |
| Source: | 2019 Tax Return |
| Cash Flow: | TBD |
| File Number: | C2605 |
| Days Open: | 7 |
| Business Hours: | Sun: 11am - 4pm, Mon-Fri: 9am-8pm, Sat: 9am-5pm |
| Seats: | 7 |
| Parking: | Ample |
| Licences Required: | Sales Tax |
| Year Established: | 1995 |
| Year Acquired: | 2012 |
| Monthly Rent: | $1,850 |
| Inventory: | TBH |
| Real Estate: | For Lease |
Profile
This is an excellent opportunity to own a Fantastic Sams hair salon in Southeast Michigan. It is located in a beautiful plaza with great visibility. This salon is fully equipped and turn key. The salon has 7 stations. Services include Hair Cuts, Color Services, Styling, Texture, Shaping and much more. They also sell a variety of professional hair care products.
There are currently 6 stylists working, adding 1 stylist to the wonderful team can further increase sales. Owner is not a stylist. It will be ideal if the buyer is a stylist to fill the vacancy. The business pays $682.40 per week to the Franchise which includes weekly Franchise fee, national advertising fee and regional advertising fee. The asking price includes franchise transfer fee of $7,500 and the seller will also pay $5,000 for new signage. Don’t miss out on this amazing opportunity to own your own salon. Call us today!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.
The business has an excellent reputation among management companies which generates a lot of referrals for the business. 80% of the current customers are located in Detroit and are mostly big box stores and large commercial accounts and the remaining 20% of the customers are located in the surrounding suburbs. The owner does not do any marketing and most of his business is generated through word-of-mouth. The sale includes all the equipment necessary to continue operations. The owner runs the business with 5 full-time and 3 part-time employees. The reason for sale is retirement. There is tremendous room for growth for a motivated owner-operator.
