Beauty Salon & Commercial / Residential Real Estate
Location Iowa,United States
Asking Price Range $500K - $1.0M
Gross Revenues $42856
Net Profit / Cash Flow $28492
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1960
Number of Employees 1 - 3
Inventory 20000
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Owned
Description This business was established in 1960 by the current owner and is located on one of the busiest streets in the area. The owner has also acquired the properties next door on the corner and tied them together, offering a new owner multiple income streams. A beautiful bungalow and garage are also part of the package. The salon currently has three beauty professionals renting booths, but has the potential to occupy nine professionals. The business comes with four top of the line electric chairs, five dryer chairs, a fingernail/pedicure station and two waxing rooms. The business boasts a healthy customer list and occupancy in the rentals is at 100%. Total assets include $20,000 of equipment, fixtures and furnishings and buildings and land valued at $560,000. Located in Northwestern Iowa. Ask for portfolio number 528.
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