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SE Michigan

  • Listing No.: 217-20634

  • Category: Beauty

Asking Price $1,200,000
Down Payment
Gross Revenue $1,233,835
Total Adjusted Net Income $252,176
Equipment / Fixtures $7,729
Year Established 2010
General Location SE Michigan
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This high-end salon is poised for record revenue. Most small businesses only dream of reaching $1M in sales. Before its recent remodel, this high-end salon consistently broke the $1M mark by a comfortable margin. Now, with design efficiencies built into its modern and inviting new space, the business is poised to surpass its previous sales performance.This business undertook a large-scale remodeling project in 2020, a year that was unkind to salons. While many stores were forced to shutter their doors, this salon weathered the storm despite remodeling costs and COVID shutdowns.The secret of this Company’s resilience lies in a combination of operational optimizations and highly trained staff. A dedicated team of a manager and stylists run the business as if it were their own, providing exceptional service and efficient operations with and without the Owner’s oversight. The 17-year-old salon has earned a reputation for its personalized service, hospitality, and unparalleled expertise.Customers are loyal to this salon, because they know they’ll feel good about their experience, and about the way they look. Reviews on Google, Facebook, and Yelp testify to the extraordinary care customers receive.This is a rare investment opportunity for a Buyer who is looking to take a successful business to the next level. The new Owner will have the benefit of stepping into a newly renovated business with a loyal clientele and a committed team of a manager and stylists — without the costs, headaches, risks, or downtime of a major remodel.

Gross Revenue $1,233,835 Listed Price $1,200,000
Total Income $252,176 Down Payment
Base Rent $6,025 Square Feet 2040
Total Rent $6,875 Lease Expiration 05/2025
Rent Deposit $3,500 Lease Options 2/5
Inventory $150,000 Leasehold Improvements $164,766
Equipment / Fixtures $7,729 Other Assets Computers, shampoo bowls
Full-Time Employees 4 Training Period 2 Weeks
Part-Time Employees Special License Required Several licenses required by the state depending on services offered.
Contract Staff Reason for Selling Health

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

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