Hair Salon

Ref ID: 1027SOLD

Industry
Sold Listings

Financial Information

Asking Price: $ 72,000
Annual Receipts: $ 241,139
Cash Flow:
Sellers Discretionary Earnings		 $ 24,068
FF&E (Included): $ 55,000
Inventory (Included): $ 2,950
Real Estate Available: No
Value of Real Estate: Not Available

Business Summary
This is an absolutely beautiful salon with all equipment still in brand new condition. The demographics for the area are what every owner would dream of. Sales in the second year have already reached almost $250,000! Owner would not think of selling, but must relocate for personal reasons. The salon is 1400 sq. ft. with seven stylist chairs that stay busy. The area will continue to expand as recent improvements to the highway interchange allows much better access to the vicinity. The area is growing at a phenomenal rate, and this attractive location is at the heart of it all. The old saying “a picture is worth a thousand words” is true for this salon, but I like to say a visit is worth 10,000. You must take a look at this salon if you want to own your own shop. The owner has negotiated a very attractive lease for this area that runs thru September 2009 with a three year option. One positive for this type business is that it continues to thrive regardless of the economic climate. The shop has already established an enviable reputation among its repeat clientele. If you desire to own one of the finest salons in the area you must take a look at this opportunity. Owner is willing to assure a smooth transition and is willing to stay for two weeks of training.

Facilities

General Information

Reason For Sale: Moving Out of State
Franchise: No
Homebased: No
Relocatable: No
Year Established: 2005
Year Acquired: 2005
Employees: 7

For more information, please contact:
Sunbelt Atlanta
Jim Ratteree
Phone: 770-936-9099
Fax: 770-936-0405
jratteree@sunbeltatlanta.com

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