Upscale Hair Salon for Sale in the West Suburbs of Chicago, near Oakbrook

This is an upscale salon in an extremely high traffic area specializing in men & women's haircutting & design, all color services, manicures, chemical hair straightening, facials, skin care, hair extensions, makeup applications & consultations and retail sales of hair, skin and nail care products along with purses, handbags, earings & necklaces.

This 3,100 sq ft Salon is located in a busy Shopping Center on a very busy road near Oak Brook, Illinois. This shopping center is extremely busy, partially due to the fact it has some major tenants attracting plenty of customers. Another important detail is that there are more than 31,700 cars driving by the front door each day. There's also very little competition in the area.

This unit was a Salon for many years. The previous owner spent approximately $250,000 building out the space from scratch. When his lease was up, he moved to another location. The current owner owns the property and decided to purchase new equipment, remodel and reopen the salon under a different name, for his wife. Now that the salon is open and profitable, they want to sell it to somebody who has the time to manage and operate the business. They spent approximately $100,000 on new equipment and light remodeling, earlier this year. The salon has 10 cutting stations & 4 washing stations, with room to add 4 additional cutting stations.

This is an Aveda Salon and all employees were trained by Aveda. There are no franchise fees and there's no contract with Aveda. The only thing you have to do to maintain the "Aveda" status and use the name is to carry Aveda products. The Salon also has a really nice website.

This business has a tremendous amount of potential to increase sales. For starters, the current owner is only working part-time. The salon is closed on Sundays and Mondays and closes early on Saturday. The shopping center is very busy on the weekends, so expanding the hours of operation would help increase sales dramatically. Also, they are not doing much advertising at all. An owner/operator could be putting fliers and coupons on cars in the parking lot, sending out mailers, and cutting a deal with the major retailers next door to either advertise on their sales receipts or offer their customers a discount/coupon if the visit the salon. Even though the salon isn't currently doing any of these things, they still average 3 to 4 walk-ins per day, because of the location and all the shopping traffic.

This is a beautiful salon and a true turn-key business with tremendous potential. The equipment and build-out alone, is worth the asking price. Don't take our word for it. Go visit the salon and see for yourself.

At this price, this salon won't be available very long. Call us to schedule a tour before it's too late.

Business Hours

Sunday: Closed
Monday: Closed
Tuesday – Wednesday: 9:00 am - 8:00 pm
Thursday: 10:00 am – 9:00 pm
Friday: 9:00 am - 7:00 pm
Saturday: 8:30 pm – 4:00 pm

Pictures of the salon can be emailed upon request.

Asking Price/Business assets only: $119,000 plus inventory
Gross annual sales (approximately): $260,000 (projected)
Cash flow (approximately): $102,800 (projected)
Value of furniture, fixtures & equipment (approximately): $119,000.00
Value of inventory (approximately): $5,500.00 (not included in asking price)
Lease details (approximately): The rent is $2,900/month. The store size is +/-3,100 sq ft. There is more than enough parking. The lenght of the lease is negotiable.
Seller Financing: Owner might consider financing a small portion of the purchase price with qualified & experienced buyer/operators.
Contact: Tony, This email address is being protected from spambots. You need JavaScript enabled to view it., Advantage Business Acquisitions 847-722-1877

Information Disclaimer

The information in this listing has been provided to us by the business seller or their representative. Advantage Business Acquisitions, Inc. (ABA) has no monetary interest in the sale of this business. As an organization we try to provide quality information but we make no claims, warrants, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to this website and its associated sites.  ABA has not verified the accuracy of the information, and assumes no responsibility for its accuracy or completeness.

ABA does not warrant the Right of Use of any photography, graphics, video, audio or any other related material posted to this site by its Brokers.

Read Terms of Use prior to contacting an Advantage Business Acquisitions Broker.