List Price: $116,000
2016 (Projected at Full Capacity): $128,400
2016 (Projected at Current Capacity): $102,000
Client Mix: 80% women and 20% men
Services Offered:Hair, Waxing, Natural Nails, and Spray Tans
Owner Profit/Cash Flow
2016 (Projected at Full Capacity): $79,236
2016 (Projected at Current Capacity): $52,836
Revenue generating from 6 booth renting stylists. There remains room to add 2 more stylists, which would bring in $700/month each, as well as a nail technician and either an esthetician or massage therapist at $400/month each. This Salon is serves 80% women and 20% men in a western suburb of Omaha with an average household income of $79,000/year. Providing services such as haircuts, color, styling, waxing, natural nails, and spray tans, this Salon has the potential to generate $128,400 in sales in 2016. This would give the owner $56,891 in Profit after debt payments the first year.
The current Owner is responsible for scheduling the staff, overseeing daily salon needs, ordering salons products, and is servicing her own client base. The Salon is being sold due to family obligations however post-close she would like to stay on as a stylist if the Buyer should so desire.
This Salon has a large database of 1,813 clients, 481 of them within just the last 6 months! This excludes a booth renter who handles her own scheduling. Including this renter would increase the number of clients served within the last 6 months to over 600. Currently, 6 of 8 booths are filled, leaving space to fill and money to be earned. By filling these two booths and adding a nail technician and either an esthetician or massage therapist in a currently vacant space, annual sales could increase as much as $26,400!
Assets Included in Purchase: $61,089
Equipment: $58,089 = Build-Out for Reception, Tanning, Nails, Makeup, Stylists, Shampoo Station, and Breakroom
*amounts may vary
Location and Service Area: West Suburb of Omaha, Nebraska
Number of Clients:1,813 in database [481 in the last 6 months] This excludes a booth renter that chooses not to use the Seller’s scheduling system. Including this renter the number of clients in the last 6 months is over 600.
Lease: $2,036 for 1,834 sq./ft. with 8 modern look & feel, open stylist stations
Employees: 2 Part-Time receptionists
Reason for Selling:Family Obligations
Hours: Hours vary. Tuesday – Saturday: Approx. 9am – 7pm and Mondays 3pm – 7pm by appointment only
Seller Transition:Seller is willing to stay on as a stylist post-closing should the Buyer so desire
Growth Opportunities: Booth space to take on 2 commission based workers or 2 renters. 2 additional rooms provide space to bring in a nail technician and either an esthetician or massage therapist.
Current Owner’s Responsibilities: Schedules staff, oversees daily salon needs, orders salon products, and services own client base
Purchase Price: $116,000
15% Buyer Down Payment: $17,400
15% Seller Financing: $17,400
70% Bank Loan: $81,200
For a detailed financial package, please contact Cortney Sells or one of The Firm Business Brokerage’s professionals at 402.998.5288 or email Confidential@TheFirmB2B.com.