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Business for Sale Overview:

High Ticket Coloring Hair Salon For Sale, Chesapeake, VA. SBA Pre-Approved! A high quality Hair Salon located in a high traffic strip shopping center in a booming suburban market. Well respected with a loyal clientele, the salon specializes in the profitable coloring niche. The company has been in its present location for more than 10 years. The interior is spotless and well organized. The salon has 7 stations, 5 dryers and 5 stylists. The staff offers a full line of services including hair designs and cuts, perming, facial waxing, conditioning and coloring. They provide quality service to their customer that is demonstrated by the demand for their services. The owner keeps meticulous records and maintains a comprehensive database on all clients. When a customer returns to the salon, the stylist is provided with a detailed analysis of the client's history and coloring formulas on prior visits. In addition, in-depth analysis can be quickly obtained on each stylist’s performance by tracking of revenues and costs. The seller has not being able to be actively involved as a stylist because of health reasons. The local market area is growing dramatically and has a high median income per household. There is continued residential development that will provide a good opportunity for additional revenue growth. This is an ideal business opportunity for an owner operator who can continue to provide the outstanding service and leverage the quality reputation presently in place. The seller will provide a reasonable transition period and if desired by the buyer; be available part time in the future. Reason for Sale: Retirement. Purchase Price: $75,000; Gross Revenues: $317,256; Cash Flow: $ 60,257; Value of Inventory: $8,000 (included in asking price); Furniture, Fixtures, & Equipment: $15,000 (included in asking price).

Additional Details:

• The property is leased.
• The owner may be willing to train/assist the new owner.
• The owner may be willing to work for the new owner.
• This may become a homebased business opportunity.
• This may become a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.