Upscale Hair Salon Business In Edmonton For Sale

Business description

Well established hair salon located in an upscale area of Central Edmonton. The salon provides full spectrum of hair care services and also sells an array of quality hair care products. The interior is cozy and elegant, and equipment recently replaced by new. The salon has 6 hair stations, 2 shampoo/wash stations & 1 hair dryer station. In recent months the owner has changed his revenue stream from commission based hair stylists to monthly chair rental fees, of which only 60% is required to cover all current operational costs of the business. This new business model has allowed the owner to simplify his business and have more time to increase his own hair stylist revenue. Extending business hours would be an easy and excellent opportunity for growth for a new owner. A MUST SEE! Seller financing is available for qualified buyer.

Property information

Real Estate:

Lease

Leasehold rent:

$23,400 per annum

Location:

Lease rate of $1,950 is low compared to surrounding hair salon leases. Location is approximately 780 sq. ft. (

Business Operation

Competition / Market:

In addition to being well established for over 4 years, the recent revenue stream based on stylists renting chairs vs. former commission based stylists has made this business a "turnkey" and easy to manage business for any potential owner.

Reasons for selling:

The seller would like to venture to other opportunities.

Trading hours:

Tue.10-6; Wed. 11-7; Thu. 12-8; Fri.10-6; Sat. 10-4

Employees:

6 FT

Years established:

2007

Other information

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

The seller is willing to finance up to $40,000.

Furniture / Fixtures value:

$25,000 (included in the asking price)

Inventory / Stock value:

$15,000 (included in the asking price)