High End Profitable Salon / Spa
Location Minnesota,United States
Asking Price Range $250K - $500K
Gross Revenues $670000
Net Profit / Cash Flow $100000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2003
Number of Employees 10 - 19
Inventory all inventory fixtures furniture website
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training As necessary by buyer - business runs with absentee owner.
Reason for Sale retiring
Description Priced at $280K, this established upscale full service hair salon located in busy Minneapolis NW suburban area is a great investment. All stylists are commission employees. Large client base of 8000+. The business has multiple hair stations, pedicure stations, manicure stations and massage rooms. The salon carries exclusive quality product lines that provide good profit margins. Perfect for a stylist looking to run their own salon or business looking to expand.
This is a turn-key business. SBA loan that is assumable to qualified buyer.
Owner is willing to finance a qualified buyer with good credit score and assuming SBA loan. Only 10% down if assuming SBA.
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