SOUTHLAND BUSINESS BROKERS
BUSINESS SALES & ACQUISITIONS
Ref Nr - 120 Hi-end Beauty Salon in South Charlotte NC
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Copyright 2008 Southland Business Brokers, Inc. All rights reserved.
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Located on Providence Road in South Charlotte, and near the South Park area, this is THE residential
and shopping area in this thriving city...one of the few places in America where housing is still increasing
in value! This 16-year old salon was purchased early last year because of its wonderful location, its
features, and its clientel, but the owners are homesick and moving back. The shopping center is being
totally rebuilt and expanded from ground up due to its lucrative location. The time is now to take
advantage of these two situations. The current complementary stores will expand, and many more will be
added to the enlarged area. One can only expect much more traffic to the center.
The eight hair and nail stylists have signed three-year leases and pay weekly chair rental fees that
more than cover all expenses, to include the receptionist. Two years remain on the chair leases. The
current owner is an esthetician and will leave her new treatment room and equipment. Contact Broker
for details. ALL SERIOUS OFFERS CONSIDERED.
Industry
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Services
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Industry Segment
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Hair Salon
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SIC
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7331-01
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Location
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Southside Charlotte
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Asking Price
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Offers!
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Gross Revenue
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$120,000 (2007 pro forma)
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Cash Flow
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$42,953 (2007 pro forma)
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Cash Flow Type
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Seller Discretionary Earnings
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Inventory Value
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$1200
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Equipment Value
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$15,000
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Nr Employees
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8 plus owner
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Real Estate Value
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NA
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Reason for Sale
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Returning to Home State
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Contact Broker
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Paul Sousa
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Telephone Direct
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704-875-9282
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Mobile
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704-557-5833
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Fax
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704-875-6385
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EMAIL
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sousa@SouthlandBrokers.com
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