Well-Established Beauty Salon in Owings Mills

Listing Number: 76551-923543

Description

This owner-operated salon situated in an upscale strip mall in Owings Mills, Maryland opened its doors five years ago May 1, 2015. The owner is selling because the lease ends on November 30, 2020 and the owner is not interested in signing another five-year lease. The landlord offers a “5 & 5” lease. The 1,100 square foot space offers two wash stations, six styling chairs, two manicurist stations, ample storage space, and a receptionist and waiting area. Hours are by appointment and the current owner operates on a cash and check system. The owner is motivated to stay in the business to help with ongoing training and operation, and is willing to pay $350 chair rent fees! This business has an established history of loyal, long-term clients and continues to grow through referrals and word-of-mouth; it is well-known and respected in this community.

Listing Details

• Price: $ 50,000
• Down Payment: --
• Sellers Discretionary Earnings: $ 40,000
• Total Sales: $ 121,000
• Location: Baltimore County, Maryland


• Inventory: $ 14,000
• FF&E: $ 0
• Employees: 10
• Reason for Selling: Moving onto another venture.
• Category: Beauty/Personal Care