Boutique Hair Salon & Real Estate - Woodbridge, VA

Woodbridge, VA
Prince William County

Asking Price: Annual Revenue:
$375,000 $127,079

Services: Hair, Nails, Spas, Tanning

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RE: Boutique Hair Salon & Real Estate - Woodbridge, VA Broker: Dustin Zeher
Owner Financing is Available!
Available depending on the final purchase price, terms, and qualifications of the buyer.

Quick Facts

Asking Price: $375,000
Annual Revenue: $127,079
Net Profit: Not Disclosed
Cash Flow: $75,000
Total Debt: Not Disclosed
FF&E: $5,000
Real Estate: $300,000
Year Established: 1997
Employees: 1
BBN Listing #: 114132377
Broker Reference #: HZ500DZ

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Business Overview:

Unique opportunity to own an independent salon in Northern Virginia that's been serving clients for 25 years. The owner and principal stylist provides the full suite of cutting, coloring, foiling, and related hair care services to a loyal clientele. The salon is situated in a prominent planned community on the banks of the Occoquan River that is in an ideal setting for a boutique hair salon.

The salon has seen steady and sustained growth in recent years. The development where the salon is located has grown exponentially since it was founded. The community caters to the younger professional demographic with the average age of around 40 with an annual income of $94,000. New houses, condos, and apartments continue to be constructed in and around the development. The greater Woodbridge/Lake Ridge/Occoquan market has been a source of significant expansion and economic growth in Northern Virginia in recent years which is expected to continue for many years to come.

The owner and founder has decided it’s time to retire after building and running this successful operation and wants to ensure her clients remain in good hands. This is the perfect opportunity for a salon owner looking to expand their footprint or for a stylist looking to set out on their own without the headaches and expenses of starting a salon from scratch. The combination of over two decades in business, a stellar reputation, and attractive lease terms in a prime location are hard to come by, so don’t let this opportunity pass you by and contact us today!

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Property Features and Assets:

The salon is ideally situated on the main stretch of a mixed-use retail setting in a newer high-density community adjacent to the Occoquan River waterfront. There is a park nearby, a marina, and a dozen businesses at 100% occupancy. The space measures roughly 625 square feet and is an ideal size for a boutique salon concept. Hair Salon & Spa Data: Style Stations: 2 Color Stations: 2 Shampoo Bowls: 2 Dryers/Hair Processors: 1 Nail Stations: 1 Pedicure Stations: 1 Private Rooms for Massage & Spa Services: 1 It is the seller's preference to sell the business and real estate together, but the sellers are willing to enter into a long term lease for the space for $1,850/month + utilities. There can be a first option to buy the Real Estate later. Combined Business and Real Estate Price is $375,000. Business Only Price is $75,000.

Market Competition and Expansion:

Competition: There is standard competition for the industry and market. This salon attracts a higher end clientele compared to competitors in close proximity to the business. The salon has an advantage over many competitors with its excellent reputation, established track record, and prime location. Growth & Expansion: There are many opportunities for a new owner to grow and expand the business. It would make sense to create a broader online presence and implement new marketing and advertising campaigns to increase awareness. A new owner might also consider bringing on additional stylists or offering new services to appeal to a broader demographic.

Reason for Selling:

Owner is retiring after 25 years in business.

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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