This is a great opportunity to own an established business located in a bustling, vibrant area. This salon is located in a mixed-use development, filled with top-notch companies, including hotels, and a movie theater and surrounded by other retail outlets, restaurants, offices, and residential units. This salon is more than just a business; it’s an investment in the booming beauty and wellness industry. From the moment potential buyers step inside, they will witness a sophisticated and welcoming space designed to captivate customers seeking top-notch services. Services not only include hair services, but also skincare, waxing, bridal, beauty and laser hair removal services.
With a dedicated team of skilled professionals, you’ll be acquiring a business that exudes excellence and style. This turnkey business is well-positioned to continue its success, with a loyal clientele base and a reputation for excellence. This Salon has won local awards for the Best Hair Salon and Spa! The salon’s chic ambiance and commitment to personalized service make it a standout opportunity for entrepreneurs aiming to make their mark in the dynamic beauty and wellness sector.
FACILITY: Over $750,000 was spent building out the space. Located in busy shopping center with retail areas, office
buildings, residential buildings and other commercial uses.
PARKING: Parking is available throughout the shopping center and all garages are free for up to 3 hours.
EQUIPMENT: The equipment cost in excess of $60,000. It is in excellent condition and has been well maintained.
LEASE TERM: New five-year lease begins July 2024
BASE RENT: $7,112 per month NNN – 3% annual increases
SIZE: 1,361 square feet
FEATURES: 10 stylist chairs, 4 shampoo units and one treatment room
HOURS: Open 9a-9p Tues-Sat; 11a-6p on Sundays
SALES: 1,265,685 in 2023
CASH FLOW: $125,000 per year
ASKING PRICE:$549,000 (For the Business)