1633 Monks AveMankato, MN 56001

This thriving Mankato hair salon, established in 2014, presents a unique opportunity for an owner-operator or entrepreneur. Boasting a 4.9-star client rating and five experienced stylists under weekly chair rental contracts, the salon offers a turnkey operation with significant upside. The beautifully designed space, featuring an inviting atmosphere and a coffee bar, benefits from a prime location near Minnesota State University, Mankato, with over 15,000 students within walking distance. The current setup includes approximately $39,000 worth of equipment, furniture, and fixtures, all included in the $50,000 asking price. Ample growth opportunities exist through adding stylists (five additional stations available), expanding product sales, and implementing walk-in appointments. Favorable lease terms include a five-year renewal option starting in 2025. The salon utilizes an online booking system through Vagaro. Management training support is available, and seller financing is an option for qualified buyers with a down payment as low as $10,000. The business is currently absentee-owned, with the owner providing digital marketing and consulting services which are optionally available to the buyer. One stylist holds a salon manager's license from the Minnesota Board of Cosmetology. The list price is for business assets only