High Traffic Upscale Salon (Kansas City Metro)
Location: Kansas > Kansas City Metro Area
Industry: Hair and Beauty > Beauty Salons and Barber Shops
Financials
Asking Price: $160,000
Gross Revenue: $166,136
Gross Revenue Comments: 2007
Cash Flow: $69,943
Cash Flow Comments: Average 2004-2007
Inventory: $5,000 (Not Included in Asking Price)
FF&E: $80,000 (Included in Asking Price)
Seller Financing: Negotiable for the right buyer
Business Summary
This fully furnished upscale hair and nail salon is located just outside of downtown Kansas City. Strategically located in one of the fast growing communities in the metropolitan area, this salon is next to prosperous residential communities and professional offices. Buyers of this business can take advantage of the business' local name recognition and reputation for professional service.
About the Business
Year Established: 2002
Employees: 7 full time - 1 part time
Facilities: This business is located in a 2,472-square-foot storefront in a shopping plaza/executive suite. Easily accessible, the salon enjoys high traffic and good visibility. The sale will include all furniture and fixtures needed for successful operation.
Market Outlook and Competition: Growth and Expansion: Through an active marketing campaign, the new owner can rent out the remaining open seats in the salon and generate more revenue for the business. In addition, the city's plan to expand the intersection in front of the business will further increase traffic and accessibility. Competition: Although there are a handful of other hair and nail salons in the area, this business is the only upscale salon catering to the high-end clientele.
About the Sale
Management Training and Support: The seller will assist the new owner during a transition period. The current owner is also willing to stay on as a manager or hair stylist.
Reason For Selling: Due to family concerns, the owner is looking to rebalance responsibilities.
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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