Pristine 80% rented 10 chair salon, ideal owner-opeator opportunity with an existing book of business to maximize profits and achieve same Adjusted Net Income of $60,000.00 as the present stylist Seller. Does not pencil out as a full absentee-owned or investor-managed type entrepreneurial pursuit. Or if one were to pursue it this way, it would take a fair bit of time to secure your cash down payment back over time. 10 chairs, 5 shampoo bowls, mixing room, massage room, manicurist station, full turnkey buildout which the Seller spent $65k in tenant improvements, including two brand new A/C units!
Real Estate: Leased
Building Sq. Ft.: 2,000
Lease Expiration: N/A
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: 2,000 square foot salon, plenty of parking, built at a cost of $65k!
Competition: Hair is fickle, but this place is turnkey and shows phenomenally.
Growth & Expansion:2 Chairs are unrented as of August 2016, so expansion potential exists.
Support & Training: As needed.
Reason for Selling: Focus on clients only.
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