Full-Service Salon with Cosmetology School

Wyoming

Seller Financing Available

Asking Price:	$325,000
Gross Revenue:	$455,967
FF&E:	$50,000

Cash Flow:	$166,402
Inventory:	$10,000
Established Year:	2018

Listing ID: 2141974Listing provided by BizBuySell

BUSINESS DESCRIPTION

Full service salon, with custom suits and booths available for lease, fully licensed staff and highly qualified beauticians. Also part of the offering is the Separate Cosmetology School featuring full time and part-time Cosmetology Courses, Hairstylist Programs, Esthetician Programs, Nail Tech Programs, Cosmetology Instructor Programs, Waxing Tech Programs, all offered under the guidance of licensed and qualified instructors. Students may be eligible for State and Federal tuition assistance. This is a balanced businesses with a full service salon attached to a full service Cosmetology School, all located in a new custom commercial building with all new top shelf equipment. Currently on the Salon side, there are 9 independent operator with 5 suites leased and 4 booths leased. On the School side, there are two full time instructor/managers, plus one part-time instructor and the owner. There are 17 full time students enrolled. This is a turn-key opportunity.

DETAILED INFORMATION

Location

Wyoming

Inventory

Included in asking price

Real Estate

Leased

Building SF

5,000

Employees

Furnitures, Fixture & Equipment(FF&E)

Included in Asking Price

Facilities

Beautiful new 5,000 sq ft custom building divided between the salon and school offering ample shared customer parking and semi-private parking on the side for the instructors and staff, located in an active shopping center, in the new area of town with fast food and sit down restaurants within walking distance, several hotels, a Home Depot and other amenities. The Cosmetology School side of the building features a reception area, administrative offices, teaching area including 4 manicure stations, 3 pedicure stations, 3 shampoo bowls, 8 hair stations.

Competition

Typical competition from franchise hair-cutting outlets and small one or two person beauticians. This opportunity is the only full service spa with all of the equipment and the only Cosmetology School in the area. Cosmetology programs are popular because they offer greater flexibility than a traditional 2 or 4 year program, are much less expensive, and focus on real-world practices. Students learn how to show up on time and work while learning their craft and developing a customer base. This is a win-win for everyone involved.

Growth & Expansion

Good potential for growth in a very steady industry.

Financing

$292,500 down/$32,500 over 36 mos. @ 7%.

Support & Training

Will train for 4 weeks @ $0 cost.

Reason for Selling

Owner is ready to retire and spend more time traveling.

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