Confidential/Undisclosed Address Minneapolis, MN 55487

Property Details for 0 Confidential/Undisclosed Address

Property type

Commercial real estate

Description

This exceptional opportunity presents a chance to acquire a highly profitable and state-of-the-art beauty academy located in Minneapolis, Minnesota (zip code 55487). The business boasts impressive financial performance, generating a gross revenue of $1,100,363 and a Seller's Discretionary Earnings (SDE) of $194,852. The asking price is $975,000, with seller financing available at 10% ($97,500). The academy offers a comprehensive curriculum in various beauty disciplines, including Permanent Makeup, Microblading, Eyelash Extensions, Plasma Treatment, Laser Treatment, Esthetics, and Advanced Esthetic techniques. It's licensed by both the Minnesota Office of Higher Education and the Board of Cosmetology, ensuring compliance and credibility. The business includes substantial fixtures, furniture, and equipment (FF&E) valued at $197,100, along with $35,000 in inventory. The current owner dedicates 40 hours per week to the operation and is selling due to other interests. A non-compete agreement is in place for 100 miles for one year, providing protection for the buyer. Four weeks of support and training are offered to ensure a smooth transition. This is a turnkey operation with a proven track record of success, thousands of students, and hundreds of five-star ratings, making it an ideal investment for an entrepreneur seeking a thriving business in the beauty industry.

Location Insight

City

Minneapolis

County

Hennepin

State

Minnesota

Longitude

-93.2663

Latitude

44.9765