Live In- Salon Workspace

Business Opportunity for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30040275
Property Subtypes: Hair and Beauty
Building Size (RSF): 1,920 SF
Sale Price: $374,749
Name of Establishment: Shady Lady Hair Color Studio
Business Website Address: shadyladysalon.com/
Year Business Established: 2014
Gross Revenue: $71,423 (Annual)
Cash Flow: $58,544 (Annual)
Cash Flow Type: EBITDA
Relocatable Business: Yes
Home Based: Yes
Living Accomodations: Yes
Sale Terms: cash, new mortgage, new commercial loan
Last Updated: 10/16/2017

Overview / Comments

Fabulous opportunity in the Celadon community, this work-live townhouse can have either- the upper two levels rented as an apartment, or the lower rented out as a business space. Living and working in Celadon is a lifestyle choice. Modern day, old fashion ''it takes a community'' type lifestyle. Surrounded by beautiful single family homes, condos, townhouses, and businesses all at your finger tips- including well lit sidewalks and a lush dog park. This particular space is 2 bedroom, 3 bath with a thriving business that grew leaps and bounds once it relocated from downtown Grand Rapids. The quality of construction was upgraded from the basic plan and attention to detail shows. The neighborhood offers a pool and live outdoor entertainment in the summer. This is a work-live space, the salon business is for sale (including inventory), not included in the listing price. Current taxes are non- homestead - if buyer chooses to live in he condo the principle tax status can be changed before June 1st 2017.

Attachments & Media

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Kent
Industry Segment: Beauty Salons and Barber Shops
Reason for Selling: Owner Started a New Career
Value of Inventory Included ($): $2,684
Value of Furniture, Fixtures, and Equipment ($): $8,536
Real Estate Status: Real Property
Value of Real Estate Included ($): $349,000

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,988 68,652 209,732
Median Age: 46.97 35.83 33.68
Households: 2,230 27,722 78,267

Contact

Photograph of Listing Agent

Michael Gordon

JH Realty Partners
CARWM Member
Photograph of Listing Agent

Amanda K. Gordon

JH Realty Partners CARWM Member
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