Sometimes, people just get an urge to leave the rat race and settle down in a small, safe town and own a business.
Well, here’s your chance.
Bonnie’s Cut & Curl in downtown Baker has been in business for maybe 50 years. The current owner, Bonnie Rux, has owned the business for 30 years and wants to retire. I say “wants to” because she still works a couple of days a week to meet demand.
“We stay busy. Even though we are open limited hours, people still come in,” Bonnie said. “Everything’s here for someone to take it over – it’s a turnkey business and anyone with the license could walk in and start working.”
The business is two stories and 1,145 square feet. Right now, Rux operates a general-purpose hair salon and barbershop and offers a selection of wigs. Rux has done various things in the space over the years, including nails, pedicures, facials, facial waxing, wigs and hairpieces. There’s plenty of parking and the property comes with two bathrooms, four wet stations, two dispensaries and the business is wired for a tanning bed. It is fully stocked with displays and products and wigs for sale. The second story is only partially finished. Rux would be willing to work occasionally for a while during a transitional period. She also rents a wet station to another lady who does hair.
Buying a turnkey business like this is a tradition for many professionals and it’s priced very competitively at $55,000. Doctors and lawyers, for example, have frequently owned their offices, building equity instead of throwing their money away on rent. When it came time to retire, they sold the business to someone entering the profession and took their equity. That’s how Rux bought this business and the next person who owns Bonnie’s Cut & Curl can have confidence they are investing in a building as well as a business.
Bonnie’s Cut & Curl is a local fixture, like hairdressers tend to be. It’s a social spot for people. For the right person, this would make a great place to settle down.
Out-of-state hairdressers looking to take over the business will need to get an Oregon license. For more information, visit http://www.oregon.gov/ohla/