Salon in Annapolis - Good One!
Listing Number: 090122-589387
Listing Details
Salon in Annapolis - Good One!
Price: $550,000
Location: Anne Arundel County, Maryland
- Down Payment: $300,000
- Sales: $700,000
- Seller's Discretionary Earnings: $170,000
- Inventory: $5,000
- Furniture, Fixtures, and Equipment: $220,000
- Rent: $4,600
- Employees: 10
- Year Established: 1988
- Reason for Selling: Owner retiring
For More Information About This Listing
Business Description
In business at this prime location for almost 40 years! Seller was fortunate to get in at the ground floor with a good location, good landlord with favorable rent terms, surrounded by high-end clients, little competition, ample parking, and attractive neighboring businesses.
10 seasoned employees all happy to work for pay every day. Sometimes 11 if it’s busy. That includes 2 shampoo/receptionists that are hourly and the rest are stylists paid on commission.
Rent is $4,600 including cam. 1,600 SF space with upscale and modern build-out. New, long-term, lease available for qualified tenants. Owner does some styling and the rest admin. Easing into retirement working only 20 hours per week these days.