Absentee Owned Hair Salon with online store

Not Disclosed, OR
Multnomah County

Asking Price: Annual Revenue:
$500,000 $1,451,901

Services: Hair, Nails, Spas, Tanning

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RE: Absentee Owned Hair Salon with online store Broker: Jason Blair

Quick Facts

Asking Price: $500,000
Annual Revenue: $1,451,901
Net Profit: Not Disclosed
Cash Flow: $215,989
Total Debt: Not Disclosed
FF&E: $76,667
Real Estate: Not Disclosed
Year Established: 2010
Employees: 15
BBN Listing #: 337452348
Broker Reference #: 59071-705715

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Business Overview:

Well-designed hair salon in an excellent location in a popular neighborhood in Portland, OR. A collective of talented stylists and on-site experienced management team in place with day-to-day business functions managed by an operations manager, allowing the owners to be absentee. The business has built an excellent brand and reputation with an established high-volume book of business. With mask mandates and restrictions being lifted on the salon industry they are currently getting back to pre-pandemic scheduling and seeing a steady increase in revenue.

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Property Features and Assets:

The owners wanted to create a salon with experienced hair stylists that are knowledgeable in their craft in a clean and stylish environment. Sparing no expense on the build out to create a warm and welcoming space really adds to the charm of the salon. Great costumer service has always been the number one expectation of this salon and has built a great reputation with clients to contribute to the multiple 5-star reviews on multiple social media platforms as well as the scheduling app used for the shop. Selling the business to focus on other opportunities. LEED certified building in a great Portland neighborhood.

Market Competition and Expansion:

The Hair Salons industry is expected to return to growth over the five years, with revenue expanding. The industry is expected to benefit from favorable macroeconomic conditions, such as declining unemployment and rising per capita disposable income. Moreover, the lifting of coronavirus-related capacity limits and pent-up demand from consumers who did not get professional haircuts during the pandemic is anticipated to boost demand for industry services during the period. Although discretionary incomes are expected to expand at a slower rate, the growth of consumer spending is expected to indulge in ancillary, higher-value services. With this salon being mostly absentee owned there is an opportunity for a new owner to take over and be more hands on. Continue with the proven success of this business possibly expanding to the greater Portland metro area.

Reason for Selling:

Moving out of state.

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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