Services - Beauty & Barber Shops

Asking Price	$60,000	Inventory	$5,000**
Gross Income	$180,244	Real Estate
Cash Flow	$25,624	Year Established	1998
FF&E	$35,000*	Employees	9 ft, 3 pt

* included in the asking price

** not included in the asking price

This charming salon has been part of this well known Oakland community for more than 24+ years. The salon is in tip top shape. It was recently updated with new artwork, cabinets and some updated equipment. Due to increasing family demands, the owner is no longer able to manage the salon up the original high standards. For this reason the owner is looking for a buyer who is an experienced stylist, nail tech, facialist or message therapist interested in stepping into a turn key business with excellent growth potential.

Facilities: This 2,300 sq.ft. salon is located in an excellent area of Oakland county with good foot traffic. The parking lot is large and easily accessible. The lay out is spacious with 9 style stations, with plenty of dryerschairs and shampoo bowls. The salon has some partitioning that can be used for storage, office, etc. The landlord wants to keep the salon in this location and will sign a new long-term lease with a qualifed buyer

Competition: In spite of area competition, the salon supports a loyal customer base with sales in the $163K to $173K for the past 4 years.

Growth/Expansion: There are several large open and enclosed areas that could be used to expand into new services such as; manicures, pedicures, messages or facials. The electrical is already place to add more stations. The large customer base could easily be solicited for these added services. Sunday and/or Monday hours might be added capitalize on walk in traffic. Since the owner's personal service income is not included in gross sales, the owner's departure should not negatively affect sales.

Financing: Will consider

Support/Training: Owner is willing to train the buyer for 10 hours over 5 days immediately following the sale.

Reason Selling: The owner no longer has time to devote to the business