1633 Monks Avenue Mankato, MN 56001

Calling all hair stylists who have dreamed of owning their own business! Opportunity for an owner-operator or an entrepreneur to own a turnkey salon for just a fraction of the price of starting new. Baxterâ??s Hair Salon has provided salon services for women, men and children in Mankato since 2014.... Key features include: -Five experienced stylists providing hair services, waxing, lashes and extensions currently on a weekly chair rental contract. On-line booking system through Vagaro. The salon has earned a 4.9 star review rating from clients. -Beautifully designed salon with an original build-out cost of $150,000. Inviting atmosphere with coffee bar and beverages provided to clients. -Prime location within walking distance to Minnesota State University, Mankato which is home to over 15,000 college students. -Ample growth opportunities by adding more stylists to the team (5 more stations available), adding product sales and offering walk-in appointment availability. -Favorable lease terms with 5 year option to renew in 2025 The space is in excellent condition and comes equipped with approximately $39,000 in equipment, furniture, and fixtures included in purchase price. Baxterâ??s is currently absentee owned with the owner providing digital marketing and consulting services to the stylists. Buyer has the option of contracting these services with the Seller if they choose. One of the stylists holds a salon managerâ??s license from the Minnesota Board of Cosmetology. Management training support available. Seller financing is available to a qualified buyer with as little as $10,000 down. Please do not go to the salon and ask any questions. Direct all inquiries to Broker. Salon owner is building owner/landlord. List price is for business assets only, no real estate. Continue reading