Asking Price: Non-Disclosed Amount
Gross Revenue: $305,142
Cash Flow: $114,636
FF & E: $44,000
This is the wave of the future for the hair salon industry. Stylists and clients no longer want to work or receive services in large open facilities. This concept offers the stylist and the client a smaller, more intimate setting. This facility has 20 suites ranging from $250.00 per week to $665.00 per week. The stylist signs either a 12 month or 18 month lease, and they pay weekly. Currently 19 of the 20 suites are rented. The owner dedicates approximately 5 hours per week operating the business. There are 2 Part Time employees.
• Prime location with a reasonable landlord and a favorable lease.• The owner works 5 hours per week and nets $100+k per year.
• The concept is proven to be a winner, and could be expanded to additional locations.