***Salon For Sale***

Undisclosed Address, Tennessee
Business Opportunity for Sale
Catylist Listing ID: 30417922
Property Subtypes: Hair and Beauty
Building Size (RSF): See Agent
Sale Price: $15,000
Name of Establishment: Salon 99
Year Business Established: 2005
Gross Revenue: $28,080 (Annual)
Cash Flow: $8,524 (Annual)
Sale Terms: Cash to seller.
Last Updated: 6/21/2019

Overview / Comments

Turn-key salon For Sale!
Salon 99 is truly a TURN-KEY opportunity! Everything you need to own your own salon! Located on Perimeter Drive several doors down from Planet Fitness, convenient to everything. The salon is beautifully designed, and very well kept, it currently employs 4 Stylists, but offers room for 6 which would provide an additional $1200 a month income.
The lease on the current space is assumable, upon landlord financial approval.

The sale will include all equipment:
6 Styling Stations
6 Styling Chairs
6 Floor Mats
4 Hooded Dryers w/ Chairs
3 Shampoo Bowls
3 Shampoo Chairs
3 Shampoo Chair Footrests
1 Reception Desk
2 Waiting Area Chairs
1 Waiting Area Loveseat
1 Washer
1 Dryer
Towels, Capes, and Smocks
Any product which has been purchased by Tenant.

Each stylist purchases their own products for use on their clients.

Additional Details

Industry Segment: Beauty Salons and Barber Shops
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: Beginning of lease 11-14-2017: Term 1-5 years at $1,225 per month, $14,700 annually. Two 5 year options NNN is $360 a month
Employee/Labor Description: The salon has space for 6 Stylists, and currently employs 4. Each Stylist currently pays $150/ week. Each stylist purchases their own products for their clients.
Mgmt/Training Support Description: Owner would like to remain as a stylist and would offer several months support
Seller Financing Description: NA

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,238 4,952
Median Age: 40.69 37.61
Households: 831 1,777

Contact

Photograph of Listing Agent

Judy Webster

Keller Williams Realty Greater Chattanooga REALTORS® Member
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