In an upscale area, this salon has a stunning interior, with virtually indestructible furniture and fixtures.
Bounced back beautifully after lockdown and is on track for a better-than-ever year in 2023.
Clients can book their own appointments through the elegant website which shows prices for all services and also sells salon-branded merchandise!
Seller will remain with business if desired.
Asking Price ($): $575,000.00
Cash Down ($): $150,000.00
Gross Revenue/Annual Volume ($): $590,372.00
Cash Flow/Net Income ($): $325,083.00
Some Annual Expenses:
Rent/Taxes/CAM (Annual) ($): $50,038.00
Utilities (Annual) ($): $12,910.00
Insurance (Annual) ($): $7,201.00
Telephone (Annual) ($): $1,735.00
Employee Payroll (Annual) ($): $96,145.00
Number of Employees: 5
Inventory Included in Price?: no
Security: 3 months rent
Financing Terms: Negotiable
Real Estate Available: no
Lease Expiration: 2027
Lease Options: new lease available
Yearly Increases: $100/month