Services - Beauty & Barber Shops

Asking Price	$100,000	Inventory	$2,000**
Gross Income	$404,874	Real Estate
Cash Flow	$59,131	Year Established	1978
FF&E	$150,000*	Employees	7

* included in the asking price

** not included in the asking price

This is a once in a life time deal. Salon is making a significant amount of revenue and continues to meet new goals financially for the seller. The seller would like to commit himself to more hair shows, training and endorsements of hair care products. This seller believes that the ideal candidate for this business is going to be an investor who has experience running salons and taking them to the next level with marketing and financial investment. The seller is not selling the business because it hasn't been profitable, but because he wants to focus his efforts and time on other areas in the business. The business has potential to be a very profitable salon with more focus on growth and marketing.

Facilities: This salon is situated on a main street of the city it s located in. Very busy area with many thriving shops. Business can be seen by driving traffic and walking traffic. Once inside this cozy, elegant shop, you see a very spacious floor plan with updated furniture and equipment. The salon has lots of room for adding more diverse services. There is an eating space for employees and a washer and dryer on premises. Plenty of parking for customers either in a parking lot in the back, or on the side of the building.

Competition: This is an African American salon that caters to upscale clientele. An investor could expect to take $1000 a week out of the business after bills have been paid. The stylist/owner has a 26 year history providing hair care service. He is sought after by clients and is a new stylist's dream come true as they get training by the best. The seller/stylist is approached often to endorse products because of his well-known status. Many awards and trophies from hair care shows in local and out of the state areas.

Growth/Expansion: Business can support more stylists and can have more diverse services like a nail tech station. Seller has a reputation for his styling abilities and so many companies that make and produce hair care products would love to have him endorse the products which could be a residual income. Seller also could do more marketing to increase awareness of his talents, however at present, word of mouth marketing has been done. Perhaps commercials and more print marketing would increase business. Shop has all new fixtures and furniture.

Support/Training: Seller wants to continue to stay on, as he enjoys doing hair. Seller would be an asset as he brings in a significant amount of the active revenue generated at the business. Seller is willing to sign an employee agreement. Seller has also indicated that he will train buyer/investors on the business for 1 month. Seller will provide suggestions on how to increase sales.

Reason Selling: Seller wants to focus on hairstyling and not day to day management.