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Ready to Own a Salon? Gorgeous, Fully Set-Up Space w/ Renters Included

Chicago, IL

Seller Financing Available

Asking Price:$120,000
Rent:$3,405/Month
Established Year:2019
Gross Revenue:$108,000
FF&E:$25,000
Listing ID: 2289568Listing provided by BizBuySell
BUSINESS DESCRIPTION

High potential for growth with established renters and steady income.

This turn-key hair salon in a magnificent, very highly walkable area is now for sale, and it’s truly a fantastic opportunity. Not only is the salon is fully equipped and beautifully designed, offering a modern and stylish space that’s ready for a new owner to step in. But, it's also on a beautiful, high traffic street surrounded by a large chain grocery store, A Starbucks, nail salon, a chain fast food restaurant, and TONS of residential apartments so the walk in traffic is unmatched! Everything is set up, making it a seamless transition for someone looking to take over an already established space. With renters in place from day one, you'll have a steady stream of income without needing to make any changes.

This is an ideal opportunity for a stylist who’s been thinking about owning their own salon but doesn’t want to deal with the stress of starting from scratch. The layout, equipment, and renters are all in place—making it a smooth, hassle-free process. Plus, it's located in a prime spot with great visibility and foot traffic, giving it lots of potential to keep growing. If you're ready to own something of your own, this salon is the perfect place to start. Reach out for more details!

DETAILED INFORMATION
Location
Chicago, IL
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,500
Employees
7
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The sale includes all property used in or related to running the business, such as equipment, cash registers, supplies, tools, hair products, trade fixtures, furniture, leasehold improvements, computers, and other tangible assets. It also includes both exterior and interior signage, permits and licenses (as long as they can be transferred), specific contracts agreed upon by the buyer and seller, & marketing and advertising materials.
Competition
Salon chair rentals in Chicago typically range from $600 to $1,600 per month, depending on the location and amenities offered. High-end areas like Lincoln Park and Magnificent Mile are on the higher end, while more budget-friendly options can be found for around $150 to $275 per week. Amenities such as utilities and towel services can influence the cost, and some salons offer flexible rental terms.
Growth & Expansion
There are excellent growth opportunities, especially for someone who can offer more hands on attention. After 5 years of operation, the salon is established, yet its full potential has not been realized. Ownership lives in LA and it's limited the time & focus the salon deserves. Someone local, especially someone already familiar with the salon/industry, could easily surpass current limitations. With more direct involvement, there’s potential to enhance marketing & build stronger relationships, leading to unlimited growth for your future.
Financing
Flexible seller financing. Potentially no downpayment required. Ask us how.
Support & Training
The current owner is happy to stay on board and provide any necessary support for up to six months to ensure a smooth transition.
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