Services - Beauty & Barber Shops | Services - Other Personal Services

Asking Price	$129,900	Inventory	$1,000*
Gross Income	$395,155	Real Estate
Cash Flow	$106,013	Year Established	2002
FF&E	$79,280*	Employees	10 part time

* included in the asking price

** not included in the asking price

This upscale hair salon was established in 2002 by its current owners, and in 5 years has grown tremendously despite the economy. Named one of the best hair salons in 2006. it appeared in different newspapers throughout Metro Detroit area. Perfect place to get pampered! Located on a busy street with high end subdivisions and office parks nearby. Both owners might be interested in staying on as employees, thus continuing to bring in revenue and retaining clientele.

Facilities: The salon is located in a strip mall of a growing area in Oakland County. It has almost 2,000 sq ft of well utilized space with unique build out. Some of the salon features include 10 custom made stations, separate massage/facial room with its own sink, 2 semi-private manicure/pedicure stations, make-up station, two bathrooms and office. The total assets are valued at $79,280. The lease is $3,610/mo.

Competition: This salon is one of the very few upscale full service salons catering to men, women and children.

Growth/Expansion: Surrounding area growth will bring more walk-ins in the near future. Additional hair stylists could be added. If sellers are kept as part of the team, new owner can take advantage of their extensive knowledge in the industry and marketing.

Financing: Seller will finance $30,000 at 9% for 24 months

Support/Training: Open to negotiate

Reason Selling: Other business opportunities