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$1 Million+ Hair & Nail Salon Unique Concept For Sale

Raleigh, North Carolina
Asking Price:
$570,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,137,000 (USD)
Cash Flow:
$207,000 (USD)

This very profitable beauty salon has had terrific growth---the last four year averaging 35% per year, growing to $1.1 million in 2016. This upscale trendy salon is a business opportunity for an individual or a strategic buyer to enter the active beauty industry. Possibility of franchising this unique concept. Located in a high traffic, wealthy community----a neighborhood where people work, eat, shop and live. This salon gets a large percentage of their business from wedding parties and other functions. Along with a mix of hair, beauty and nail treatments services, their unique location along with one service not usually found in conventional salons-----allows this salon to execute parties and functions---like no none else in their market. More than being part of beauty industry---it's being part of a social party culture! This business is currently run by an absentee owner. Great social media presence, Highly Profitable!

Property information

Real Estate:

Lease

Lease Terms:

2 and 1/2 years to go with a 3 year option to renew.

Leasehold Rent:

$83,000 (USD) per annum

Location:

High traffic area where people shop, eat, live and work

Premises Details:

3,388 sq ft in a shopping mall

Size in square feet:
3,388

Business Operation

Expansion Potential:

Only 60% occupancy of the stylists booths........plus many more functions and parties if someone focused. Possibility of franchising this unique concept.

Competition / Market:

The reason this salon has grown 35% a year the last 4 years to $1.1 million is no one offers the exact mix of services

Reasons for selling:

The Owner has a full time job. The business and job to much.

Trading hours:

Mon-Fri 10-8 Sat 9-6

Employees:
24
Years established:
5

Other Information

Support & training:

Owner will work with new buyer for at least 30 days.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Furniture / Fixtures value:
$150,000 (USD) - included in the asking price
Inventory / Stock value:
$27,000 (USD) - included in the asking price

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