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Address: 121 King St, Dameitta, Egypt
Phone: +25-506-345-72
Email: motivoweb@gmail.com

Long Established Hair Salon

  • By Haroon Bhatti
  • March 11, 2021
  • 0 Comment
  • 413 Views
Location: Oakland County
Business Price: $35,000
Down Payment: CASH
Monthly Payment: N/A
Interest Rate: N/A
Amortization Period: N/A
Gross Sales: $127,173
Source: 2019 Tax Return
Cash Flow: $25,934
File Number: C2606
Inventory: $5,000
Days Open: 4
Business Hours: Tue-Thurs: 9am-8pm, Fri: 9am-5pm, Sat: 9am-4pm
Seats: 7
Parking: Ample
Licences Required: Sales Tax
Year Established: 1985
Year Acquired: 1989
Monthly Rent: $920+$78.69 Insurance
Real Estate: For Lease

Profile

This is an excellent opportunity to own a long established and beautiful hair salon in Troy, MI. It is located in a nice plaza on a busy hard corner with great visibility. It is fully equipped and turn key. The salon has 6 hair stations and 1 manicure station. Services include Hair Cuts, Color Services, Styling, Manicure and much more. This Salon is an authorized Goldwell Salon specializing in color and color correction. They also sell a variety of professional hair care products.

This Salon has a great reputation in the neighborhood and it has been serving its customers for over 30 years. The current owner only operates the salon 4 days a week. A new owner can generate additional income by extending the hours. There are many residential neighborhoods and new developments surrounding the salon. Don’t miss out on this amazing opportunity to own your own salon.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.

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