5 Star Google Rated Beauty Salon for Sale
Hennepin County, MN
| Asking Price: | $150,000 |
| Gross Revenue: | $536,986 |
| FF&E: | $47,723 |
| Cash Flow: | $31,850 |
| Inventory: | $45,000 |
| Established Year: | 2015 |
Listing ID: 2291314Listing provided by BizBuySell
BUSINESS DESCRIPTION
For over 3 decades, this trendy modern salon has established an excellent reputation of style and industry expertise. It recently moved to a trendy Minneapolis neighborhood and its new location is very light and airy with lots of free parking for their clients. Over $60,000 was spent on leasehold improvements and new furnishings. Post move, several stylists left but new stylists are being added, both as renters and employees. The opportunity for growth is excellent with the 14 styling stations, 4 wash stations, and the private spa room. In 2023, the salon averaged 174 new clients per month which added to the extensive client list with email addresses.
DETAILED INFORMATION
Location
Relocatable
Inventory
Included in asking price
Real Estate
Leased
Building SF
4,030
Employees
8
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Within the last two years, this salon moved to a newly remodeled 4,030 square foot location in a commercial building. With it's high ceiling and multiple picture windows, this modern airy looking space is very welcoming. For the move, additional equipment and furnishings were added including more stylist and wash stations, a washer & dryer for their laundry, and other. The salon currently has 14 stylist stations but room for 20. There are 4 wash stations. In addition, there is a private spa room.
Competition
Obviously, there are other beauty salons in the general area.
Growth & Expansion
The new exciting location will bring in both more clients AND more stylists and then more revenue. This will be aided by the extensive previous and current client list which numbers in the 1,000s, most with email addresses.
Support & Training
Will train for 3 weeks @ $0 cost.
Reason for Selling
The stylist owner no longer wants the responsibility of being an owner.
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