Property Listing No Longer Available for Sale

Beauty Shop, Washtenaw County, MI

Business for Sale - $65,000 - 1,600 Sq. Ft.


Property Info

CIMLS#729412
Location
  Beauty Shop
  Washtenaw County MI 48104
UpdatedMay 12th, 2017
TypeBusiness
Price$65,000
Building1,600 Sq. Ft.

Property Description

Hair Salon offers nine hair stations, two rooms wired for tanning, 1 massage room, three sinks, three dryers and so much more. Business has been in operation for 21 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 and the nail technician contribute to the bottom line. Stylist have been with the company a long time, very little turnover. Client base is families. Total sales include retail products. All business licenses are up to date. Plenty of 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. Owner is willing to look at all potential offers, terms and conditions.

Facilities: 1600 sq foot is being utilized, with another 3,300 available with a build out needing finishing. $2700 per month, tenant pays utilities, no CAM. Lease will need to be negotiated, currently 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; 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 part of their uniqueness is the comfortable family environment. Great location in a busy strip mall. 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 & Expansion: Aside from having an additional 3300 sq ft 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 owner had health problems.


Financials



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