1633 Monks Ave Mankato, MN 56001

This exceptional opportunity presents the chance to acquire Baxter's Hair Salon, a thriving Mankato establishment ideally situated near Minnesota State University, Mankato. Established in 2014 and recently renovated in 2024, this 1,505 square foot salon boasts a 4.9-star client rating and offers a turnkey operation for an owner-operator or entrepreneur. Currently featuring five experienced stylists under weekly chair rental contracts, the salon utilizes an online booking system through Vagaro. The inviting atmosphere includes a coffee bar, enhancing the client experience. The sale includes approximately $39,000 worth of equipment, furniture, and fixtures. Ample growth potential exists through adding stylists (five additional stations available), expanding product sales, and offering walk-in appointments. The business benefits from a favorable lease with a five-year renewal option commencing in 2025. The asking price of $50,000 represents a significant value, considering the original build-out cost of $150,000. Seller financing is available to qualified buyers, with options for as little as $10,000 down. The current owner provides digital marketing and consulting services, which are optionally available to the buyer. Management training support is also offered. The sale includes only the business assets; real estate is not included. The business is currently absentee-owned. One stylist holds a salon manager's license from the Minnesota Board of Cosmetology. This is a truly remarkable opportunity for a motivated individual to step into a successful, established business.