Tupelo Data Room
Hair Salons & Barber Shops
Active

Profitable Hair Salon with rented chairs in Will County!

Illinois, United States
Asking Price$65k
Revenue$126k
EBITDA-
Cash Flow$67k
Description
This is your opportunity to own that hair salon you have been looking for! With stylists in place, along with a local and loyal clientele, this one is no brainer. There is still room for growth with 7 work stations. Five stations are rented and filled with two still available. Very modern looking with excellent upgrades in a high traffic strip mall. Owner is willing to stay on and rent a chair. The ideal candidate for this opportunity is a stylist that is looking to bring their clients and additional staff. The owner has had 15 years to dial in what works at this location and she's willing to impart that knowledge on to the next owner. If you're in the salon and/or salon suites category, please reach out for details, before this one is no longer available. Motivated seller and great upgrades such as the HVAC, updated sinks, new roof on building (via landlord), new breakers, etc. Just the cost of building out a salon with the proper plumbing is more than the pricing of this listing and this opportunity comes with cash flow!
Real Estate
Rent is $205,700 per month
Building Size: 1100 sq. ft.
Furniture Fixtures & Equipment
$30k
Inventory
$1kIncluded in Asking Price
Number of EmployeesFull-Time: 5
Year Established
2009
Reason Selling
Personal Reasons
Facilities & Assets
Lease Terms Options: 5 year extensions
Support & Training
Training Support Included
Growth Opportunities
Practically unlimited with two work stations still available and/or raising of rent for current chairs. They are currently turning away business due to the lack of hours and staff to cover the clientele.
Asking Price$65k