Business Overview:
A rare find! This Turn-Key Beauty Salon has been operating profitably for the last 23 years with great income stream. Located in one of Honolulu's largest residential communities, this salon is one of the longest running and successful tenants.
Enormous potential to expand by utilizing existing stylist stations and including manicurists and facials to create a unique spa experience for return and new customers. Customer loyalty is high, with 70% of all customers designated as repeat customers, and the nearest competition is a national franchise chain salon in a neighboring community.
Excellent business opportunity for an owner looking to either manage a Full-Service Beauty Salon or manage while providing professional beauty services.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Turnkey, full-service Beauty Salon consisting of 945 square feet with 8 stylist stations, a manicurist station and a dedicated facial room. Ample, free parking available for customers. Located in one of Honolulu's largest residential neighborhoods with a median family income of $76,000. Lease renewal already exercised and due to expire in January 2016.
Market Competition and Expansion:
This Salon is operating with 4 full-time and 2 part-time stylists. There is great potential to expand revenue growth by maximizing the use of the 8 stylists stations, as well as bringing in a manicurist and esthetician. With full staffing, the Salon can provide a full spa experience for customers both existing and new! Beauty Salon is located in a prime residential shopping center in one of Honolulu's largest residential neighborhoods. After 23-years of providing professional beauty services, it is one of the longest running tenants. 70% of business comes from repeat customers with the nearest competition coming from two national salon chains in Pearl City and Pearlridge Mall. In the immediate vicinity, this Salon is the only personal service salon!
Reason for Selling:
Retiring
Additional Details:
- The property is leased.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Resources: