Hair Salon and Building for Sale
Asking Price: | $895,900 |
Gross Revenue: | $315,000 |
FF&E: | $50,000 |
Established Year: | 2007 |
Cash Flow: | $125,000 |
Inventory: | $10,000 |
Real Estate: | $720,000 |
Massive investment coming to area with opening of 300 Luxury apartments next door to this location with road and sidewalk enhancements in 2024 as well. This makes an ideal prospect for experienced cutter/owner to be successful as a complete turnkey opportunity awaits you. Gorgeous remodeled salon with all new modern, stylish, equipment/furniture. Located in affluent city in popular, high-traffic area with ample on and off-street parking. Salon is a mix of (6) renters and (3) employees with room to add more. Health reasons forces sale of ownership, but seller willing to stay on during transition and longer as a renter. Seller is building owner and is offering building for sale as well. Salon offers robust menu of hair, nail, including cutting/styling, and more (Separate and private nail room, two pedicure stations, eight cutting stations, fully computerized client database). This is an absolute gem for an operator who wants a high-end and classy facility to bring his/her clients and continue to build on an established brand. Building consists of one retail space and two apartments and 7 parking spaces. Apartment and retail space rental totals for the year are $81,600 beginning 1/1/25. Rentals are below market value. Serious inquiries only please, owner willing to offer seller financing at $150,000 down 5 year note at 8% with balloon payment at end of term.
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