Property Listing No Longer Available for Sale

Hair Salon & Spa $65,000

Washtenaw County, MI

Business for Sale - $65,000


Property Info

CIMLS#123008
Location
  Hair Salon & Spa ,000
  Washtenaw County MI 48108
UpdatedMay 25th, 2013
TypeBusiness
Price$65,000

Property Description

Owner is willing to look at all potential offers, terms and conditions. Located in a busy strip mall, Beauty Salon and Day Spa offers nine hair stations, two rooms wired for tanning, 1 massage room, three sinks, three dryers and so much more. Business has been in operations for 20 years. Leased space has major traffic traveling by in Washtenaw County. The business has leased space available for expansion and room to grow. A full service facility. Beauty spa provides all hair, skin and nail services, including massage, facials, and waxing. Facility has a roof storage area, laundry, kitchen and two lavatories. Six stylists contribute to the bottom line as well the nail technician. Stylist have been with the company a long time, very little turnover. Client base has expanded recently. Total sales include retail products. All business licenses are up to date. Plentiful parking in front of the business. The ideal buyer will have experience in the beauty / barber shop / hair styling business with a strong desire to grow from a solid base. The owner will consider staying on in the business supporting the new owner, or as well will consider a partnership arrangement.

Facilities: 1600 sq foot is being utilized, with another 3,300 available build out needing finished. $2700 per month, tenant pays utilities, no CAM. Lease will need negotiated, now on a month-to-month basis. There are nine Stylist Stations, three Sinks, standard Beauty and spa furniture fixtures and equipment, laundry equipment, shelving. Many exterior building improvements have been completed, as well, a new parking lot will be completed by summer. Additionally, new businesses in the mall will help increase walk in clients.

Competition: Competition is high; they beat the competition, as one of their uniqueness is the comfortable family environment. Great location in high traffic area with excellent parking and access. Since health issues are improving, owner is taking steps to market the business with social media, which has proved to help increase sales. Also owner is now involved in sponsoring community events which helps drive and increase sales.

Growth and Expansion: Aside having an additional 3300 sq foot to grow into, a new owner or partner combining their talents, networking and other social media focused advertising would help grow the business back to where it was before the owners health problems set in.

Support/Training: Seller will provide adequate transition assistance for buyer and would consider remaining as a stylist under new owner. Bottom line, less stress of owning, operating a business required for health reasons.

Reason Selling: Serious health reasons

Year Established: 1990

Employees: 10

CONTACT: MICHELLE WEBSTER, email: Michelle@bbfbrokers.com or call 734-323-0376


Financials

3 years average sales/expense



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