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Hair Salon
Location Connecticut,United States
Asking Price Range < $250K
Gross Revenues $0
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2006
Number of Employees 1 - 3
Relocatable Yes
Number of Employees 1 - 3
Real Estate Leased
Training Seller will train
Reason for Sale Owner is moving out of the area.
Description This is a 6 year old Hair Salon where all the Hair Stylists are independent operators who keep 100% of their revenue and pay the expenses of operating the salon so that the owner is able to keep all of her production revenue at little or no cost. This is similar to how the real estate franchise ReMax works.
The stylists rent stations from the owner. They provide their own supplies and working tools. They are responsible to keeping and getting new clients. The Owner provides phone, heat, A/C, liability insurance, back bar products, coffee machine, paper goods, cleaning and office supplies, name and walk-in customers.
The new Owner will start out with 4 stylists (including the Owner who will stay on until July 2013) who pay $60 - $65 per day for their chairs. The salon is open 4 days per week and there is room for 1 - 2 more hair stylists. It is estimated the purchaser of this business will earn almost $11,000 after paying all operating expenses. This means the new Owner will not have any out of pocket costs associated with his/her new business.
The 800 s.f. salon has 4 chairs, 2 sinks and 2 dryers. It is located in a professional building on the north-west side of Danbury, CT. It is on the first floor - no stairs for their handicapped patrons. There is parking for over 20 vehicles. Rent is $800 per month gross. It will increase to $850 August 1 2012.
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