Upscale Salon & Day Spa Inside Loop
Location Texas,United States
Asking Price Range $250K - $500K
Gross Revenues $357329
Net Profit / Cash Flow $146116
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1995
Number of Employees 10 - 19
Inventory 230000
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Reason for Sale Just had 3rd child - no time left to run business.
Description This fabulously chic hair salon and day spa for sale inside the loop caters to upscale clientele from River Oaks, West U, Tanglewood and Galleria area. Currently business is run as owner semi-absentee. This superb salon hosts 18 hair stations, 2 nail salons, 3 spa pedicure chairs, 2 makeup stations and 5 facial/massage/waxing rooms. All new computer system, software and website are included in sale. 2 hairstylists are on commission (1-50/50%, 1-60/40%), 9 rent booth space (most at $300/wk). 2 manicurists and the facialist/massage therapist are on 50/50% commission. Professional makeup artist is 60/40%. Scheduling, shampooing and checkout are provided for booth rentals, which provide their own supplies. New utility provider should reduce electric bill by 30% starting July 2009 and rent has been negotiated to only $6,250 through end of 2009. Selling below asset value! Great opportunity - won't last long!
Please refer to CBB Listing #7056MB
Click Here To Contact Seller
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