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| Asking Price: |
$75,000 |
Status: |
Active |
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| Business Type: |
Service / Hair, Nail, Beauty Salon |
Reference #: |
MI081710 |
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| Business Location: |
Michigan |
Broker Coop: |
Yes |
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Oakland County |
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Annual Income Information |
Labor Information |
| Gross Sales: |
$195,900 |
Full-Time Employee: |
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| Cash Flow: |
$26,800 |
Part-Time Employee: |
16 |
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Business Detail Information |
Lease Information |
| Form of Ownership: |
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Leased SqFt: |
1,275 SF |
| Year Established: |
1991 |
Rent /Month (Include NNN): |
$1,850 |
| Accounting Info(years): |
3 |
Lease Exp.Date: |
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| Franchise: |
No |
Original Lease (# of yrs): |
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| Liquor License: |
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Lease Left (# of yrs): |
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| Seating Available(#): |
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Lease Option (# of yrs): |
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| Parking Space(#): |
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Lease Renewable: |
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| Hours of Operation: |
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Lease Transferable: |
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| Reason For Sale: |
Other business interests |
Rent Increase: |
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| Seller Training Available: |
Yes |
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Price Description |
Financial Information |
| Real Estate Included: |
No |
Seller Cash Out: |
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| Real Estate Value: |
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Seller Financing Available: |
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| Fixture & Equipment Included: |
Yes |
Seller Financing Amount: |
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| Fixture & Equipment Value: |
$10,000 |
Seller Financing Term(years): |
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| Inventory Included: |
Yes |
Annual Interest Rate: |
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| Inventory Value: |
$5,000 |
Min. Down Requested: |
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Business Description |
Available for acquisition is this well established beauty salon in the great location of North Oakland County. The salon offers both hair and nail services. There are 10 hair stations, 1 pedicure station, and 3 nail stations. The salon has recently undergone several key renovations to ensure that it remains competitive well into the future. The current owner would like to stay on and could be available to assist and/or train if desired for a smooth transition. The asking price includes all equipment, supplies and inventory on hand.
The salon occupies 1,275 sq ft in a desirable strip mall with plenty of parking space. The ideal location allows this business to enjoy a significant amount of foot traffic and a large amount of walk-ins. Lease is currently on the month to month basis at $1,850.
Product sales could be increased significantly. The owner is in the process of evaluating a new line of service that would bring new traffic to the business. |
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