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Hybrid salon and boutique in high traffic area

Hybrid salon and boutique in high traffic area

Ridgeland, Madison County, Mississippi
StatusSoldAsking Price:$60,000Net Profit:$37,000Gross Revenue:$650,000Square Feet:2,500
This business has been sold!

Business Description

Well-established Salon for Sale Ridgeland Mississippi, including a boutique business, strategically located in a high-traffic area of town. This unique business operates as both a booth rent and commission salon, coupled with a small selection of women’s clothing and accessories. The current owner is passionate about behind-the-chair work and wishes to remain on as a booth renter if possible, although this is not a requirement for the sale. Having realized that their true passion lies in hairstyling rather than ownership and management, the owner believes that a new leader with a fresh vision can rebrand and elevate the business to new heights. This business is ideally suited for someone looking to take over an existing cash-flowing operation with immense potential. Located among robust neighboring businesses, it benefits from a diverse client base, ensuring ongoing growth and profitability. Whether you are a seasoned salon owner or an entrepreneur with a keen eye for rebranding opportunities, this salon and boutique offers the perfect canvas to make your mark and drive it to new levels of success. Included in the Hybrid Salon for Sale Old Town Ridgeland, MS Furniture, Fixtures, Equipment, & Inventory -14 Styling Chairs & Stations -4 Shampoo Stations -2 Hooded Dryers – Breakroom/Dispensary -Washer/Dryer -Various Clothing Retail Furniture -Reception and processing area Furniture -Current inventory ~$17K -Online Assets: Website and Social Media

Transaction Support

Willing to stay on and work as a booth renter, will offer up to 3 months of support

Business Details

Asking Price:
$60,000
Net Profit:
$37,000
Gross Revenue:
$650,000
Location:
Ridgeland, Madison County, Mississippi
Business Type:
Independent Business
Square Feet:
2,500
Rent (Including CAM):
$4,987
Lease Terms:
New Lease
FF&E:
$29,000
Inventory:
$25,000
Established Date:
2006
Employment Structure:
Hybrid - Employees & Independent Contractors
Seller Financing:
No
Reason for Selling:
Undisclosed
This business has been sold!

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