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Listing ID: 1537876

High End Beauty Salon in Toronto For Sale

Toronto, Ontario, Canada

CA$ 139,000

(Furniture / Fixtures and Inventory / Stock included)

Revenue: CA$ 91,000

Cash Flow: CA$ 0 to 100k

Business Description

Be the owner of a very profitable high-end beauty salon in Toronto!!!

Minimum Time Input:
• Turnkey operation
• Excellent management team
• Operations run smoothly with little oversight needed

Excellent Steady Cash Inflow:
• Last year alone gross sales of $180,000
• High future cash flow growth due to proximity to the 2017 subway stop and near future condos

Little to no risk involved:
• Business in operation for over 5 years (3 year under current management)
• Well established clientèle
• Strategically located right on busy intersection in a High-end neighbourhood of Forest Hill
• Densely populated area

No non-operational expenses needed because the salon is fully updated:
• $100,000 on leasehold improvements in 2014
• Just enlarged waiting room / entrance area

Salon Features:
• Almost 1400 Sf with waiting area and storage room
• Wheelchair accessible
• Lease 5+5
• Pedicure / manicure stations
• Unisex hair stations with possibility to expand
• Washing station
• 2 treatment rooms (wax and facial)
• 1 wheelchair accessible washroom
• 1 employee room
• 8 employees are commission based

All viewing after 7:30 pm M-F

Financials available upon offer and a signed confidentiality agreement.

Property Details

Size:

1400 sq feet

Years Established:

4

Property Type:

Lease

Other Details

Business Location:

Located in the heart of a highly sought out neighbourhood of Forest Hill. Right at the busy intersection of Bathurst St and Eglinton Ave West.

Premise Details:

1400 Sq Feet. Recently Renovated. Impeccably clean and beautifully designed. Low rent because it is under TCHC

Competition:

A few salons down the road, however they are hardly competition due to the difference in quality of service and image.

Expansion Potential:

Potential to expand for 1 more hair station as well as better use for facial room.

Operation Details

Employees:

8

Trading Hours:

60 hours. 7 days a week

Support & Training:

Management will stay for transition period and training.

Miscellaneous

Reason For Selling:

Personal (Moving)

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