ID#: 1060 Extremely High-End Hair Salon and Bridal/Beauty Boutique and MED-SPA For Sale

Broker Contact Information Turnbridge Financial Group M.A.

Brokers - Bill Graham C: 847-971-8395 Millie Cox C: 630-605-1532

Office: 630-384-9089

Fax: 888-405-5897

Email: bill.graham@turnbridgeconsultants.com

Financials

Listed Price: Asking $650,000 or Best Reasonable Offer

SDE See Owner

Total Sales See Owner

FF&E† $750,000 Build-out+ $335,000 Equipment and

Furnishings

Inventory† $14,000 non-boutique beauty products; Boutique dresses and jewelry: $200,000+

† Included in price

Reason For Sale

Owner’s wife must move NOW for medical reasons.

Terms

The current owners, a husband and wife, are willing to sell the business for best offer up to the cost of the build out and equipping this exquisite salon/boutique. They are willing to discount the price so much that a buyer could afford this FOR CASH. The buyer with training as a hair stylist, esthetist, skin specialist or have a partner who has those skills would be the most successful in running and growing this business.

Training & Support

The owner will arrange to have the manager make sure the new owner can oversee the business. He will also make sure that the new owner can use the brand new $5,000 Envision point-of-sale register, inventory tracking and customer relations system.

Operations

Type of Location: Extremely active strip mall with a movie theater, several up-scale restaurants. It is especially busy at night with thousands of customers walking by and able to visit the salon each week.

Square Footage: 3000 sq. ft. Salon

Monthly Rent and Common Area Costs: Under $6200 per month.

Lease Expires: 7 years from now.

Facilities

Storefront located on a very high volume road within easy reach of several affluent, large population suburbs. This salon is also located in a very high foot traffic location, with plenty of parking with several entrances from an extremely

busy road. The shopping center that holds this salon is fully rented with long-term national brand retail tenants with excellent eye appeal. The design and buildout of this facility is absolutely outstanding, winning kudos from a national

salon magazine. The buildout alone cost close to $1 million. However, considering the opportunity to purchase through owner financing, and considering everything is fully operational, this is truly an incredible value that should not be missed.

Business Established Since: 2016

Form of Ownership S Corp

Absentee Owner No

Days & Hours M-11:00am-7pm; Tu-Fr-10am-8pm; Sat 10 am to 7 pm; planning to be open Thurs from 11a.m. to Midnight.

Number of Employees: 4 Full-time and 1 Part-time. Skills include hair styling, esthetists, nail services, waxing, massage, skin resurfacing and wrinkle treatment. Still hiring to cover all of the services offered at this salon.

Executive Summary

Business Description This is a very high-end hair salon/beauty boutique where clients can receive the full complement of salon beauty services – from hair styling, manicure, pedicure, makeup, eyebrow shaping, hair removal, skin treatment (including med-spa treatments for wrinkleand hair removals along with therapeutic massage). This salon also includes a boutique for bridal gown and jewelry consultation with the sale of the highest quality of dresses and jewelry. Everything about this salon is of the highest quality – the equipment, the lighting,

the ventilation, the design and the services. It is located in an affluent westerly suburb of Chicago in the immediate neighborhood of several additional affluent north and western suburbs of Chicago. This salon was just opened a few months ago by a couple, the wife being a hair stylist and esthetist and the husband helping to finance and oversee the build-out, advertising of the business, and providing medical-type treatments. Unfortunately, the wife recently suffered a medical condition that requires that she cannot work the business anymore and she must leave Illinois. The business has a growing customer base since it is located in an extremely busy mall with thousands of potential

customers passing by and through the salon daily due to its location - next to a large movie theater and several up-scale chain and specialist restaurants. The new owner can expect to be making a profit quickly because of the excellent, up-scale condition and full range of services and products sold at this business. In addition to hair styling, the salon offers the highest level of organic beauty products (Kerastase, L’Oreal Professional, Inoa no-ammonia hair dyes, etc.) If you are in the beauty salon, hair styling, or even the medical profession, you MUST explore this outstanding opportunity! You will be buying a turn-key operation at an

excellent entry price.

Historical Summary

This business owner has been running the salon for the past 9 months at this sole location, taking several months the previous year to build out the space. Owner Qualifications

Owner or a manager could receive more income by working in the salon as a stylist, medical professional and general manager. Some experience with managing independent stylists would be a plus, but not necessary.

Competition

There are additional salons in the area but none offer quite

the complement of services and products. In addition, the strip mall is one of the busiest in this region of affluent suburbs. Potential for Growth

Along with currently offered massages, the new owner could

offer spray tanning and hair extensions, or more comprehensive medical skin treatment in the private rooms. The business can also offer longer weekday hours and Sunday hours to further increase the net income.

Beauty Products Display and Shopping Area

Entrance to Bridal and Hair Styling Areas

One Private Makeup and Styling Station

Another Makeup and Styling Station

3 Station Hair Wash and Dye Area

Organic Hair Dye Mixing Station

Hair Removal and Skin Treatment Room

View of Bridal Dress Shopping Area

Another View of Bridal Boutique Shopping Area

Jewelry Shopping Area in Bridal Boutique

3 Station Mani – Pedi And Soaking Area

Another View of Wash and Die Stations

Private Beauty & Fitting Room

Hair Drying and Private Waiting Area

Bridal Dressing Room

Private Massage Room

Handicap Assessable Toilet (1 of 2)

Laundry Room