Successful Downtown Chicago Salon for Sale - PRICE REDUCED

Chicago, IL
Asking Price:$250,000
Rent:$5,374/Month
Gross Revenue:$1,037,549
FF&E:$68,423
BUSINESS DESCRIPTION

Vibrant Salon in the heart of the Chicago Loop for Sale

The XEX Story
The name XEX comes from Feng Shui. Two “Xs” mean lucky. The “E” means good energy.
We have created an artistic team of knowledgeable and experienced individuals in a wide range of services. We strive to maintain the highest level of customer satisfaction, professionalism, and integrity. Education, a commitment to creativity, and individualism are at the center of our constant pursuit for excellence. XEX provides the best services day to day by meeting the demands of our customers and proving our ability to produce the highest quality work.
After twenty plus years of success we are moving forward and are selling our business which includes FFE, supplies and assignment of lease. It is a wonderful neighborhood and includes notable tenants including Winston & Strawn, Leo Burnett, Prime & Provisions, Chicago Cut Steakhouse, Smith and Wollensky’s, Soul Cycle, Starbucks and the Renaissance Hotel as the neighboring Building.


ATTACHED DOCUMENTS
XEX NDA.pdf.pdf Download
XEX Marketing Flyer April 1 2024.pdf.pdf Download

DETAILED INFORMATION
Location
Chicago, IL
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,402
Lease Expiration
30/06/2030
Employees
8
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Great location and business is turnkey. Able to quickly close a transaction.
Financing
Open to all offers. Lease has a five year renewal option

BUSINESS LOCATION
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Dana Moyles
Dana Moyles