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Hair Salon Barber Shop For Sale

Details: Asking price:$20,000; Sales revenue:$160,000; Net profit:$10,000; Fixtures value:$25,000; Inventory value:$2,500

Business description: Turn key salon currently catering to children. Can be converted to an adult / family salon or barber shop with a coat of paint and new signage. Current customer base is 3,000+ with cuts per month ranging from 900 to 1400 (operating 6 days per week). Could be expanded with more employees and a good advertising / marketing plan. No money has been spent on advertising in over a year. Word of mouth and a repeat clientele already exist. Newer building located in a busy shopping center within one mile of a regional shopping mall and freeway access. High income area. Tenant next door and across the parking lot bring a lot of drive by / walk by traffic. Great street signage on one of Maricopa Counties most well traveled streets. Please submit confidentiality agreement with any request for more information.

General information: Years established:3.5; Employees: 5; Trading hours: 6 days per week; Relocatable: This business can be relocated.; Real Estate: Lease; Lease terms:Lease can be extended another 4 or more years.; Location:Located within one mile of a major regional shopping mall and the Loop 101. Great street signage. Great location in a busy shopping center with big name tenants. High income area.; Expansion potential:Currently being run by absentee owners. For someone with more time, the current business could be expanded with more employees, longer hours and a good advertising / marketing plan. A lot of our customers assume that we are a franchise (even though we are not) because of our catchy name, logo and professional design. Someone could easily take what we have started at this location and open other locations or franchise the business to others interested in the concept.; Support & training:This business would not require much training to operate, but we are happy to discuss your needs. Buyer does not need to be a licensed barber or cosmetologist.; Reasons for selling:Sellers have college degrees in other fields and are currently pursuing those careers full time. Sellers also live quite a distance from the business and are not willing to move closer due to a special needs child who is doing well in his current school / environment.