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The Perry Rueben Company
Farmington Hills, Michigan
Price: $77,000
Gross Income: $202,935 (2021)
Cash Flow: Available with NDA
FFE: $15,000 -
Inventory: $17,000 -
Real Estate: Leased
Year Established: 1990
Employees: 3 FT, 4 PT plus owner
Hair and nail salon is a non-
The ideal investor/buyer of this business would be licensed to practice cosmetology and who wants to have a presence in the day to day operations, being present for both customers and its employees.
Inventory typically fluctuates in the range of $14,000-
If interested in this business you must complete and return a NDA (confidentiality and non-
Facilities: Six years ago, salon was completely renovated with over $100,000 of build out and décor. Current lease has been extended, landlord is reasonable. Gross lease, $3,000.00 per month. Approximately 1950 sq ft total. Fully equipped and ready for the new owner to take it to the next level.
Competition: The salon’s location, available parking, ease of access, surrounded by businesses and residential provides a broad base of potential customers and helps in gaining a competitive edge over its competition that exists in this industry.
Growth/Expansion: Current owner suggests that the salon can easily accommodate the doubling of sales with the current space and equipment. In addition, there are opportunities for a new owner to bring in complementary services to what is already being offered. Substantially increasing the marketing and advertising, including digital marketing and social media, will be a powerful tool for a new owner to increase the sales. This business currently has not done very much of it, and still has sustained sales averaging a little over $200k.
Terms of Sale: Owner is willing to help with financing and open to considering various creative options -
Support/Training: Owner is willing to provide up to 20 hours/week of support and training for a period of eight weeks after the sale, free of charge.
For Sale page 2 |