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Salon and spa with Seller Financing only $50k down payment

Financial Information

  • Asking Price: $150,000
  • Gross Revenue: $287,000
  • Cash Flow: N/A
  • Down Payment: 0
  • FF&E (Not Included): N/A
  • Inventory: $45,000
  • Financing: Yes

Business Location

  • St. Paul-Minneapolis-Twin Cities
  • Minnesota
Primary Business Category: Personal Care Services

Turnkey 10 chair salon and spa, with massage, waxing, facial, and nail services. Built in 2018, operational just over 1 year. This modern, aesthetically pleasing salon and spa is located in north metro with surrounding residential and commercial growth. The seller has invested over $300k to build out the space. All equipment and décor is brand new. Sales are continuing to grow month over month. Due to family illness the seller needs to relocate. All the stylists and therapists are hourly employees, not chair renters. This would be an excellent opportunity for someone who wants to get into their own salon or someone who wants to expand into the north metro. The seller will finance a qualified buyer with only $50,000 down. Monthly loan payments only $1161/month.


Financing Comments

Seller, 10 yr amor., w/5 yr balloon at 7%


Reason For Sale
Relocation
  • Home Based: No
  • Year Established: 2018
  • Franchise: No
  • Year Acquired: 2018
  • Willing to Train: Yes
  • Relocatable: No
  • Required Licences:

  • Is Property Leased: No
  • Real Estate Available: No
  • Real Estate Included: No
  • Real Estate Value: N/A
  • Fulltime Employees: 6
  • Part time Employees: N/A
  • Is Management Staying: No
  • Distressed: No
  • Monthly Payroll: $0
  • Building Size: 3200 sq ft
  • Monthly Rent: N/A

Contact Business Broker

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Business Listed by

Sunbelt Minneapolis

Contact:
Office Phone: 612-455-0880
Mobile Phone:
Listing ID: MINNEMN003-N2015

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