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Murphy Business & Financial Corporation
13760 Noel Road Suite 325
Dallas, TX 75240
(214) 751-3900
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Listing Details - High Cash Flow Salon in McKinney

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Listing#: 6312 SIC: Business Type: Beauty/Personal Care, Hair Salon

	Status	Sold
	Listed Price	$165,000
	Down Payment	$42,900
	Owners Cash Flow	$117,977
	Total Sales	$289,169

	Contact Information

	Office: 469-877-3584
	Email: Send Email To Agent

Business Description
New,debt free salon is located in a posh, new retail center.Full service salon features hair styling, hair coloring,manicure, pedicure stations.The current business model uses only employees but under new buyer, a contractor work model where stations are rented for $200 per week could grow revenues and cashflow considerably. Seller is willing to stay and work as an employee which creates an excellent absentee owner situation for buyer(s). June YTD Rev of $120K and should hit over $280K in 2010. A second The Colony Salon is also for sale at $135K, with $240K in gross sales and $82K in SDE.


Assets/Liabilities
Accounts Receivable		Incl.	Real Estate		Incl.
Inventory	$18,000	Incl. Yes	Liabilities		Incl.
FF&E	$27,300	Incl. Yes	Other:		Incl.
Leasehold		Incl.	Total Assets	$45,300


Lender Prequalified: No

Financing/Terms	Amount	Mos	Rate	Mo. Pmt.
Loan/Assumable
Loan/Seller
Other	$122,100	120	7	$1,415

Several local franchise type salons who don’t offer the same range of products and services.

New Owner could change model from employee to contractor while increasing revenue and cashflow. New location is a brand new retail center is poised for high growth by catering to high end clients.

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