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Ref Nr -   120 Hi-end Beauty Salon in South Charlotte NC

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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
Services
Industry Segment
Hair Salon
SIC
7331-01
Location
Southside Charlotte
Asking Price
Offers!
Gross Revenue
$120,000 (2007 pro forma)
Cash Flow
$42,953 (2007 pro forma)
Cash Flow Type
Seller Discretionary Earnings
Inventory Value
$1200
Equipment Value
$15,000
Nr Employees
8 plus owner
Real Estate Value
NA
Reason for Sale
Returning to Home State
Contact Broker
Paul Sousa
Telephone Direct
704-875-9282
Mobile
704-557-5833
Fax
704-875-6385
EMAIL
sousa@SouthlandBrokers.com
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