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Hair & Nail Salon - Galleria Area
This is a well established high end salon and spa located in the Galleria area. Services include Women & men's cut, scalp massage, & blow dry, bridal chignons, perming, straightener, hair extensions, thermal hair straighteners, Brazillan blowout & Keratine treatment, & hair colour. They also do massages, manicures & pedicures with hot stones & paraffin wax hand & foot treatment. Complimentary consultation is available by appointment for make up application, lessons, & semi-permanent eyelash extension. The facilities include 8 hair stations, 8 pedicure stations, 6 nail stations, and 3 shampoo stations. Retail sales account for approximately 10% of gross revenue.
Listed By: Jeffrey Jones
Background information
Reference:
82496
Year established:
The shop was opened in 2015 and acquied by the present owner in 2018.
Reason selling:
Semi-Retirement
Finance
Sales:
$426,345
Profits:
$140,774
Operations
Employees:
They have a staff of 10 people plus the owner who does hair styling part-time and is willing to stay on renting a station and working part-time. There are 6 hair stylist, 2 nail techs, & 2 receptionists and contract massage staff.
Equipment:
See list of equipment in the Business Profile.
Inventory:
20,000
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:
2,382
Rent and lease terms:
Gross rent $7,442.58. Now in five year option period starting 2-1-23.
Location:
Galleria Area
Price and terms
Price:
$275,000
Down payment:
$100,000
Financing:
$100,000 cash down, Seller Note for $175,000 payable over 5 years at 6% interest = $3,383.24 PM.
Training:
As needed