For Sale

Luxury Salon & Spa Northwest Suburb of Chicago – High Income Area!

With So Much Up-Side Potential With A Hands-On Operator, Expanding Services & Adding Promotion/Advertising

Northwest Suburb of Chicago, IL

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Food Type: Non-Food Related

Service Type: Full Service

Business Type: Independent

Sale Type: Business For Sale

Asking Price: $139,000

Gross Sales: $250,000

Net Operating Income: $78,500

Monthly Rent: $4,800

Lease Expiration: 07/2025

Lease Options: Three 3-Year Options

Year Established: 2010 (Current Owner 2022)

Owner Operated: No

Seller Financing: No

Summary:

A premier salon & spa offering expert haircuts, coloring, treatments, styling, blowouts and extensions, plus a range of luxurious spa services including rejuvenating facials + peels, waxing, body treatments, massages, tanning, eyelash extensions and nail care.

Full-service salon and spa. Also has an incredible website and a convenient online booking system.

Beautiful modern build-out. A sleek and sophisticated space featuring a receptionist desk, waiting area, social media wall, 7 hair stations, 3 hair washing stations and 3 hair drying stations. As well as a treatment room, tanning room, nail room and employee break room. Plus, a color bar and a mimosa bar. Also, a convenient ATM. And so much more!

Well established salon & spa location for over 14 years. And with the current owner 2 years. Independent - no royalty, advertising or transfer fees. Absentee owned and operated with a manager in place. Turnkey!

Currently has a dedicated team and experienced staff of 5 stylists, a teeth whitening/spray tanning subtenant and a manicure/pedicure subtenant, plus an aesthetician (who also operates as the manager).

Ideal opportunity for a working owner that would like to bring their existing customer base here to this established location and build off its incredible setup and strong foundation!

Feel free to stop by the location as a customer first. This is a HIGHLY confidential listing, please DO NOT talk to any of the owners, employees or patrons. If interested, contact EatZ for more information. Showings by appointment only outside of business hours.

Competition:

The ultimate pampering escape. An elevated & indulgent experience. Where beauty & relaxation come together. Expert hair services. The ultimate aesthetic services. Professional waxing & tinting. State-of-the-art teeth whitening. Airbrush tanning. Nourishing & artistic nail services. Combines premium products, the latest techniques and top-notch expertise. Known for their array of customized services and highly skilled professionals!

Ideal location in a high-income area. Chic & elegant interior. Sophisticated atmosphere. Luxurious vibe.

Growth and Expansion:

Local favorite. A one stop shop - offers a spectrum of services to cater to all one’s beauty needs. Loyal customer base. Lots of repeat business!

Highly rated and recommended, great reputation to continue to build upon. Also, significant growth potential with some promotion and advertising. Can also expand its range of services for additional revenue streams. Plus, an attractive investment for those looking to enter or expand within the beauty and wellness industry!

Location:

Prime corner retail space in a 29,000 sqft busy neighborhood strip center with ample parking. Other popular tenants include a breakfast place, cosmetic dentist, cleaners, gaming lounge, jewelry store, massage parlor, ramen restaurant, seafood restaurant, tobacco shop and more.

Perfectly situated on a major road with high traffic counts near a major interchange in the heart of a sought-after affluent northwest suburb of Chicago!

Also, across an executive center. And within walking distance from a new industrial facility. Plus, adjacent to a large new housing development. In addition to being surrounded by a vast area of homes!

County: Cook

Facilities:

Lease Information: Leased space $4,800/mth gross (also includes water and garbage). Current lease expires Jul 2025 with three 3-year options.

Square Feet: 1,953.

Days/Hrs of Operation: Mo 3p-8p, Tu 8a-4p, We-Th 8a-8p, Fr 10a-5p, Sa 8a-6p (Closed Sundays).

Real Estate: Leased.

Value of FF&E: Included In Asking Price (Valued at $75,000).

Value of Inventory: $10,000-$15,000 (Not Included In Asking Price).

Number of Employees: 7 (5 Stylists and 2 Sub-Tenants/Contractors).

Support/Training: Negotiable on-site comprehensive training.

Seller Financing Available: No.

Reason for Selling: Other business interests.

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