Profitable Hair Salon with rented chairs in Will County!

Will County, IL
listing image
Asking Price:$65,000
Gross Revenue:$126,244
Rent:$2,057
Established Year:2009
Cash Flow:$67,416
Inventory:$1,000
FF&E:$30,000
BUSINESS DESCRIPTION

Salon with 5 of 7 stations rented and immense goodwill in high traffic strip mal

This is your opportunity to own that hair salon you have been looking for! With stylists in place, along with a local and loyal clientele, this one is no brainer. There is still room for growth with 7 work stations. Five stations are rented and filled with two still available. Very modern looking with excellent upgrades in a high traffic strip mall. Owner is willing to stay on and rent a chair. The ideal candidate for this opportunity is a stylist that is looking to bring their clients and additional staff. The owner has had 15 years to dial in what works at this location and she's willing to impart that knowledge on to the next owner. If you're in the salon and/or salon suites category, please reach out for details, before this one is no longer available. Motivated seller and great upgrades such as the HVAC, updated sinks, new roof on building (via landlord), new breakers, etc. Just the cost of building out a salon with the proper plumbing is more than the pricing of this listing and this opportunity comes with cash flow!


DETAILED INFORMATION
Location
Will County, IL
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,100
Lease Expiration
01/03/2025
Employees
5
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Lease Terms Options: 5 year extensions
Growth & Expansion
Practically unlimited with two work stations still available and/or raising of rent for current chairs. They are currently turning away business due to the lack of hours and staff to cover the clientele.
Support & Training
Training Support Included
Reason for Selling
Personal Reasons
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Robert Gray
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Robert Gray