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Hair Salon / Barber Shop (Kids, Mens, or Family)

Phoenix Metro Area, Arizona (Maricopa County)

Services - Beauty & Barber Shops | Retail - Miscellaneous Retail

Asking Price $25,000 Inventory $2,000* 
Gross Income $148,000 Real Estate  
Cash Flow $12,000 Year Established 2004
FF&E $60,000* Employees 2 ft / 4 pt

* included in the asking price

** not included in the asking price

Great Value!

Great opportunity to enter the rapidly expanding childrens' services industry. Salon is currently designed to appeal to children 12 and under. However, this salon could easily be converted to a family hair salon or mens barber shop with new signage and a quick and inexpensive coat of paint. This is an incredible value and priced well below what you would expect to pay for a tenant improvement alone.

Facilities: 1,250 square feet. Monthly rent $4,033 (gross lease, no additional CAM charges). Large play area (could be easily converted to waiting area) and 7 fully equiped stations (with TV's and video games) designed to entertain clients. Plenty of parking and several restaurants nearby. Lease can be extended another 8 years at current terms.

Competition: Prime location in a high density / high income area of the valley. Located in a busy well-maintained shopping center with other kid related businesses nearby. Several other big name tenants bring a lot of drive by / walk by traffic. Street signage on one of the busiest, most well traveled roads in Maricopa County. Within one mile of a major regional shopping center that draws traffic from a 20 mile radius. Well established employees with a loyal customer base.

Growth/Expansion: Unlimited growth and expansion is possible with multiple locations. Other products and services could easily be added.

Financing: $18,000 down, bal @ 5 yrs, 8% interest

Support/Training: One month of support and training can be provided, although this business is easy to run and does not require any past experience or licensing in the field of cosmetology.

Reason Selling: Time constraints. Owners have several other businesses & live too far away.

AD # 383569

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