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Profitable Hair Salon with Chair Rental and Split Agreements

  • Listing# : 16388
  • Listed Price : $1,250,000
  • Total Sales : $484,001
  • SIC : 7231
  • Down Payment : $150,000
  • Status : Active
  • Discretionary Earnings : $160,657

Business Type :

Beauty/Personal Care / Hair Salon

Business Description :

Very successful hair salon with a hybrid concept of chair rental and split commission.  Out of the 8 stations there are 4 rented, 3 under commission agreement and one used by the owner.  Due the demand, Seller is adding 2 more stations.  There is also a private room used for eye lashes.  Located in high end prime location, the business has great reputation, clientele is between 30-40 years old, beautiful design.  Average ticket is $150.  Seller owns the building which has two premises, one under a lease agreement.  Sale includes real estate valued at $900k. Great opportunity to build equity instead of paying rent with a successful business. Business and real estate have been pre-approved for financing.


Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $900,000
    • Incl : Yes
    • Inventory $20,000
    • Incl : Yes
    • Liabilities $0
    • Incl :
    • FF&E $15,000
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $80,000
    • Incl : Yes
    • Total Assets $1,015,000
    • Incl : Yes

Lender Prequalified: Yes

Similar Listing :

Beauty/Personal Care