Established Hair Salon

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Seller:Marcus Salim

Location:Northern Suburbs

Listing Num:699418435

Industry:Services: Hair, Nails, Spas, Tanning

Asking Price:$35,000

Year Est.:1996

Employees:4

Yearly Revenue:$100,000

Yearly Cash Flow:Not Disclosed

Yearly EBITDA:$NA

Yearly Net Profit:Not Disclosed

Yearly Gross Income:$NA

Monthly Payroll:Not Disclosed

Total Debt:Not Disclosed

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Reason for Selling:

Family obligations and health concerns.

Overview of the Business:

Nationally Branded Hair Salon Chain with significant national presence is looking to expand in the greater Chicagoland area. This business is recession resistant as it helps client receive the same services as their current high-end salons, but provides same services at a value price. This established business location has been operating for more than 13 years.

Property Features and Assets:

This salon is located in a busy shopping center that also contains other nationally branded tenants such as Kala, UPS Store, Planet Beach, Kindercare and Molly Maids.

Market Competition and Expansion:

There is normal competition in the area from a number of other salons. However, the area has proven itself to be strong enough to support area businesses.