Property ID : WSD24.277
For Sale $118,900.00 - Beauty/Hair Salon
- An Upscale and Modern Beauty Salon and Day Spa, located in a suburb east of Rochester.
- It specializing in hair design, hair color, manicures, pedicures and make-up.
- 2,300 square foot salon that includes 8 Hair Styling Stations, 2 Pedicure Stations, 4 Hair Washing Stations, and two separate rooms for massages and skin care.
- It currently has a dedicated staff of 2 full time stylists that assist the part-time owner in the operation of this salon, loyal customers, and excellent online reviews.
- The furniture and equipment are modern and in excellent condition.
- The owner is willing to finance and train a qualified buyer if necessary
- This Salon has been open only 40 hours per week since it was opened in 2005
ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price):
- Furniture, fixtures and equipment, fair market installed value of $ 27,500
- Inventory (retail goods and supplies), valued at seller’s cost of $ 11,000
- The Base Rent is $ 3,336 per month with additional CAM charges $ 2,835 per year
- Current lease expires on December 31,2022
SALES AND SELLERS DISCRETIONARY EARNINGS (SDE):
2020 (in operation 9 months) 2019 2018 2017
Sales: $ 225,214 $ 326,710 $ 275,809 $ 305,755
SDE: $ 6,081 $ 67,896 $ 55,417 $ 54,514
- Asking price is $ 18,900.
- Seller financing is available to a qualified Buyer.
- Total, turnkey opportunity, no extra investment needed. By adding additional hours of operation, days, and hiring more stylists, pedicurists, and aestheticians, sales and net income could easily double at this location.