Start-Up With An Established Base
Location Michigan,United States
Asking Price Range < $250K
Gross Revenues $135641
Net Profit / Cash Flow $55420
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2006
Number of Employees 1 - 3
Inventory 100000
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Reason for Sale Time constraints.
Description For the price of a brand new franchise, own a business with a 20 year history and strong brand recognition. Located in Southeastern Oakland County, this hair salon was re-opened under new management in June 2007 under a franchised brand name. It is located at a high traffic intersection in a well populated area. The atmosphere is warm and inviting with a clean, crisp, modern decor. All equipment is brand new. This location has housed a hair salon for over 20 years and benefits from a strong repeat customer base. Annualized revenue and cash flow from the first 5 months is shown, which was provided by the owner. The hair care industry is large, growing, recession resistant, and immune to technology or other competitive forces. This is a great opportunity for an absentee owner or an owner hair stylist.
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