Active
Hair Salon & Spa - Galleria Area
Listed By: Jeffrey Jones
Background information
Reference:
82565
Year established:
The shop was opened in 2015 and acquired by the present owner in 2018.
Reason selling:
Semi-Retirement
Finance
Sales:
$450,000
Profits:
$178,000
Profit type:
Discretionary Earnings
Operations
Employees:
they have a staff of 10 people plus the owner who does hair styling part-time and is willing to stay on leasing a station and working part-time. There are 6 hair stylist, 2 nail techs, & 2 receptionists and a contract massage staff.
Inventory:
$20,000 hair & salon products.
Premises
Facility:
The facilities include 8 hair stations, 8 pedicure stations, 6 nail stations, & 3 shampoo stations, 2 massage rooms, kitchen area, & restrooms.
Square footage:
2382
Rent and lease terms:
Gross rent $7,442.58. Lease expires 1/1/2028. Lease options are available.
Location:
Galleria area
Price and terms
Price:
$275,000
Down payment:
$137,500
Financing:
$137,000 cash down and $137,500 Seller Note payable over 60 months at 6% = $2,658.26 p/m.
Training:
As needed




