Full Service Salon & Spa

File# C2422
Location: Plymouth-Northville area
Business Price: $150,000
Down Payment: $75,000
Monthly Payment:$1485.09
Interest Rate: 7%
Amortization Period:60 months
Gross Sales: $336,594
Source: 2017 Income tax return
Cash Flow: $81,000
Source: 2017 Income tax return
Inventory: $7000
Days Open: Tuesday-Saturday
Business Hours:
Seats:
Parking: ample
Licences Required:Full service Cosmetology Business License, sales tax
Year Established:1997
Year Acquired: 2013
Monthly Rent:$2500 Gross

Profile:

This is a beautiful, profitable, full service salon located in the Plymouth-Northville area. Services provided include men’s and women’s hair (cutting, styling, perms, coloring, straightening and more), Nails & Spa Pedicures, waxing, make-up, eyelashes and more. in addition to repeat clients, they offer spectacular wedding packages with brunch, and much more. Seller does services 3 days per week and generates approximately $30,000 of the annual revenue.
Currently there is a full-time manager, the Seller, 5 other full-time and 3 part time technicians. All except the manager are paid as independent contractors on a 1099. This is an ideal salon for someone who has clients in the Plymouth-Northville area or someone who wants to manage the salon without personally performing services. Cash flow to the owner was $45,484 and the manager earned $35,840 for 2017.
Showings are on Mondays only. Please do not address anyone at the salon as the employees are not aware for the possible sale.

Contact us about this business:

First Name (required)

Last Name (required)

Email (required)

Phone (required)

Address

Available Capital (required)

Your Message

This information has been supplied to Broker, Capital 1 Commercial Group, Inc. by Seller or obtained from other sources. Broker has not and will not verify the accuracy of this information. It is recommended that Purchaser independently verify the accuracy of this information with Purchaser's counsel.