Hair Salon for Immediate Sale

Washtenaw County, MI

Business for Sale - $65,000 - 1,230 Sq. Ft.


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Agent Info

NameMichelle Webster
CompanyBB&F, LLC.

Property Info

CIMLS #951502
LocationHair Salon for Immediate Sale
Washtenaw County MI 48103
Last UpdatedApril 17th, 2019
TypeBusiness
Price$65,000
Building1,230 Sq. Ft.
DemographicsView data

Contact


Property Description

Asking $65,000 for this Hair Salon offers nine hair stations, two rooms wired for tanning, one massage room, three sinks, three dryers and so much more. Business has been in operation for 25 years. Leased space has major traffic traveling by in Washtenaw County. Facility has a roof storage area, laundry, kitchen, and one bathroom. Eight stylists and the nail technician contribute to the bottom line. Most stylists have been with the company a long time; very little turnover. Client base is families. Total sales include retail products and chair rentals which support the rent. 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: 1230 sq ft is being utilized. $2300 per month, tenant pays utilities, no CAM. There are 9 Stylist Stations, 3 sinks, 3 pedicure stations, standard beauty and spa furniture, fixtures and equipment, laundry equipment, shelving. Salon totally remodeled 2016. Many exterior building improvements have been completed. 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.

Location: 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: 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.

Support/Training: Seller will consider staying on for a period of time if needed.

Reason Selling: Bottom line, less stress of owning and operating a business required for health reasons

Seller Financing available


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