Profitable Turn-Key Hair Replacement Salon

Portland, OR
Multnomah County


Asking Price: Annual Revenue:
$427,207 $460,000

Services: Hair, Nails, Spas, Tanning


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RE: Profitable Turn-Key Hair Replacement Salon Broker: Daren Bucklin
Owner Financing is Available!
64081.00

Quick Facts

Asking Price: $427,207
Annual Revenue: $460,000
Net Profit: Not Disclosed
Cash Flow: $179,841
Total Debt: Not Disclosed
FF&E: $27,075
Real Estate: Not Disclosed
Year Established: 1989
Employees: 13
BBN Listing #: 889452348
Broker Reference #: 59071-918499

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Business Overview:

This business is a long established and highly profitable hair replacement salon that specializes in hair loss solutions through personalized consultation and retail sales of custom synthetic and human hair wigs, as well as fashionable scarves, hats, and other accessories. Customers experience a welcoming, attractive, boutique salon environment where they receive professional, knowledgeable, compassionate, confidential service to solve very personal problems associated with hair loss. This is a high margin service-oriented business that serves a very niche market for the past 40 plus years and comes with a high volume of repeat clientele.

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Property Features and Assets:

The owner identified a need and started this business in 1973 under a different name and location and in 1989 established the current business. Over the years the business has shown a steady increase in sales with an ever-growing customer base. The focus has always been on providing quality products and individualized service with attention to detail. This is a very personal and much needed service with clients who come from a large regional geographic market area to receive the professional services provided. The owner has decided to sell the business to retire. Included in the sales price is a generous post-sale training period to ensure existing customers continue to receive high quality service and are fully transitioned to the new owner. Retail showroom with private salon chairs and stations, excellent well organized storage with office.

Market Competition and Expansion:

There are hair replacement shops in the Portland market; however, none are as established as this one. The target market is women of all ages experiencing hair loss due to a variety of conditions including female pattern baldness, alopecia, trichotillomania, natural age and hormonal changes, cancer treatment, etc. The business has a long-established reputation and has been consistently ranked high in satisfaction by customers. Potential Growth: Ideal opportunity for an entrepreneur or licensed cosmetologist who wants to diversify their business model to include the sale of custom wigs and other individualized hair loss solutions. The salon is already set up as a professional hair salon, making the addition of traditional hair care salon services a turn-key operation with an immediate additional revenue stream. Due to their time in business and excellent reputation, the owner has had to do little to market the business. A formalized, intentional marketing program along with the addition of e-commerce sales for products could contribute to additional growth. Customer consultations could also be performed remotely via various technology platforms to expand market base.

Reason for Selling:

Retirement

Additional Details:

  • The property is leased.
  • 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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