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- RE: Established Professional Hair Studio
- Contact: Edward Bell
Quick Facts
| Asking Price: | $175,000 | |
| Annual Revenue: | $597,691 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $112,464 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $52,385 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2009 | |
| Employees: | 7 | |
| BBN Listing #: | SB-53596 | |
| Broker Reference #: | SARASOT002-53596 |
Business Overview:
Established in 2009, this well known beauty hair salon has developed a strong reputable brand that attracts an extremely loyal base of recurring clients, testament to the exceptional services provided. The salon was crafted to exude a contemporary sense of luxury within an intimate setting. The business is supported by a team of highly skilled professionals boasting an impressive 40+ years of combined experience in the art of hair coloring, cutting & treatments. Coupled with the top-of-the-line products they have set themselves apart as industry experts as the go-to hair salon within Montgomery County. Each employee specializes in their own unique niche hair type catering to a large variety of demographics. Based on the salons positioning as a luxury brand, coupled with a long-standing well-known reputation, the salon is able to command a premium price that is supported by the local reoccurring client base & marketplace demographics.This business operates out of a 1700 square foot commercial facility with high visibility to 17,000 vehicles per day. The local affluent population of 87,000 is located within 3 miles, with an average household income of $133,000..Annual 2022 revenues of $597,761 with Seller Discretionary Earnings of $112,464.
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Property Features and Assets:
Hair Studio is operated out of a a retail space that is located in a high traffic foot area.
Market Competition and Expansion:
In the local area, the competition comprises a diverse blend of independent salons, chain salons, & beauty studios, each offering a range of services. However, this unique and luxury-branded salon has carved a distinct niche as a specialized color-centric salon, setting itself apart in the market. Renowned for their reputable staff & preferred product partnerships, they hold a significant advantage, securing a prominent position in the industry and attracting recurring customers.
Reason for Selling:
Retirement
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
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