Business To Buy



Business To Buy

* Upscale Beauty Salon in Busy Forsyth County, GA *

Forsyth County, Georgia
Only opened one year, this trendy and upscale hair salon already has over 400 clients in the database and it is still growing! The salon offers many creative services in addition to haircutting. Services include: styling, extensions, color, corrective services, straightening, perms, facial waxing special occasion looks and make-up. There are 8 stations currently with the owner occupying one. Three of the stations are occupied with other stylists. Four of the eight stations can either be leased or rented to other hair stylist. This salon is dedicated to providing the latest trends in styling and cutting while offering competitive pricing and excellent service to their clients. Bookkeeping: Quickbooks Accounting Software is also included Facilities: The 1,350 square foot salon is well-appointed with all new equipment including a 42 flat screen television. This salon is located next to a major highway with excellent visibility and adequate parking in a busy strip mall. There are four years remaining on the lease with a 5-year option term at $21.44 per square foot. The lease is assignable at no extra charge. The salon looks brand new. Owners recently completed a complete build-out on the space. Ceramic tile & mosaic flooring, custom colors, & contemporary sleek d cor. All stations are immaculate with the latest equipment. Competition: No competition in the immediate area. Closest competitor is approximately 2 miles away. This business is in a very affluent area and high density area. Financing: The owner is open to financing 50% of the purchase price for a qualified buyer. Support/Training: Seller will train the buyer and/or will also continue to occupy one of the stations if preferred. Reason for Selling: Growing responsibilities with young child, but a very good hair stylist and willing to continue working with current clients. For further information, please contact Kim Chitwood (770) 328-9169 or kschitwood@yahoo.com

Financials

Price: $59,500
Gross Income: $117,000
Cash Flow: $30,252
FFE: $60,000
Inventory: $2,000
Real Estate Value: $0

About the Business

Office Reference ID: #41412084
Year Established: 0
Financing: Owner Finance 33000
Training: 1 week negotiable
Facilities: See Description
Competition: No competition for 2 miles
Growth:
Business Listed By
Name: Michael Togneri
Company: Neri Capital Partners
Phone: 770-487-0986

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