Mane Image Salon

Business Opportunity for Sale
Catylist Listing ID: 30191986
Property Subtypes: Hair and Beauty
Building Size (RSF): 1,500 SF
Sale Price: $34,900
Name of Establishment: Mane Image Salon
Business Website Address: www.maneimagesalon.com
Year Business Established: 2015
Gross Revenue: $130,000 (Annual)
Cash Flow: $0 (Annual)
Relocatable Business: Yes
Sale Terms: Cash to Seller
Last Updated: 1/19/2018

Overview / Comments

Established salon located on busy Goodman Road in Olive Branch, Mississippi, one of the fastest growing area in the Greater Memphis Marketing Area. It is conveniently located to major highways traveling north and south to Memphis and Tupelo, and also east and west to Fayette and Shelby Counties. This is a great opportunity to enter an incredibly dynamic business with very low cost of entry. Perfect for an owner/manager to take advantage of a current book of business.
The salon has been open for several years with current ownership at 3 years.

Additional Details

Nearest MSA: Memphis
County: Desoto
Industry Segment: Beauty Salons and Barber Shops
Reason for Selling: Current owner is ready to move on to another venture and wants to move quickly on the sale so that not to lose out on an available opportunity.
Value of Inventory Included ($): $4,000
Value of Furniture, Fixtures, and Equipment ($): $19,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: Currently month to month rent. Will need to new owner to renew.
Employee/Labor Description: 3- Stylist, 1- Owner/Manager
Competition/Market Description: Competition in the surrounding area includes other hair salons. Most of the larger franchise salons are nearby, but the cost of ownership and operation give Mane Image Salon a distinct advantage for hiring and pricing.

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 26,681 93,351
Median Age: 38.52 34.83
Households: 9,410 32,774
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