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Businesses For Sale   >>   Hair and Beauty Businesses For Sale

Growing Lincoln Park Salon - Seller Financing

Location  Illinois,United States
Asking Price Range  < $250K
Gross Revenues  $337703
Net Profit / Cash Flow  $90556
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  2008
Number of Employees  6 - 9
Inventory  64000
Relocatable  No
Number of Employees  6 - 9
Real Estate  Leased
Reason for Sale  Ready for change

Description  
LINCOLN PARK HAIR SALON W/ MULTI-YEAR GROWTH & 60% SELLER FINANCING AVAILABLE TO QUALIFIED BUYER This is a quality boutique in a small space. The culture is one where employees and customers feel comfortable to talk to each other and develop a relationship. The employees are proud of the professional working environment that they have developed for themselves and their customers and have a sense of ownership and pride in this business. Like most salons the seller generates some sales, however, the seller has been preparing for this sale and has been training clients to accept service from the stylists on staff from time to time. Purchased by the seller many years ago the business was turned around to profitability from yearly losses. The business has grown by a few percent each year and still has room to grow by execution of the current processes in place. The website is not found with a popular web search for hair services on Google. The Company employs a staff of highly experienced, talented, mature, and happy stylists. The average number of years the staff has been employed at the business is approximately 2.5 years. The seller understands that there will be a training and transition period and is flexible and prepared to meet a new owners needs so that she or he feels comfortable in the business. The seller is offering to finance 60% for qualified buyer.


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