25yr Old Hair Salon, In Great NVA Location
Not Disclosed, VA Not Disclosed
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- RE: 25yr Old Hair Salon, In Great NVA Location
- Contact: Bill Kelly
Quick Facts
| Asking Price: | $199,000 | |
| Annual Revenue: | $450,207 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $63,753 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1998 | |
| Employees: | 5 | |
| BBN Listing #: | 997843891 | |
| Broker Reference #: | 9525-903105 |
Business Overview:
This amazing hair salon has been successful for over 25 years and now it is time for the owner to retire. If you've ever thought of owning your own hair salon this, is it!
There are currently 5 hair stylists who will stay and room for up to 7. The shop is fully equipped with comfortable workstations, washing sinks, dryers, and color matching system. Plenty of room for nail or cosmetic stations, everything is maintained spotlessly. The absentee owner spends approximately 20 to 30 hours per week and does not work as a hairdresser.
The Salon is known for its comfortable atmosphere, skilled and experienced stylists and high-quality products with a solid list of loyal, repeat customers and has spent no money on advertising in years.
The building faces one of the busiest highways in the area and has approximately 1660.sq.ft. of space with a very reasonable rent of approximately $2,500 per month. The name, phone number, web & social media, all equipment, POS system, signage, and inventory is included. Seller will stay for up to 30-days to train and insure a smooth transition.
Total Sales 2022 - $450,207
Free Cash Flow $65,000
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Property Features and Assets:
Monthly Rent: $2,016.00 Square Units (Foot, Meter): 1,660 Lease Expiration Date: January 2, 2024, 9:00:00 PM
Market Competition and Expansion:
Like most higher income, growing cities, there are multiple hair salons in the area. However none have the reputation or have been doing business as long as this shop. This shop maintains its customer base from walk-ins and customer referrals. However, the Seller has worked simi-absentee for several years and the shop is ready to take to the next level. Better appointment management and Increased social media is all that is required to grow income.
Reason for Selling:
Retiring
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
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