Hair Salon In Harford County
Jarrettsville, MD Harford County
Request More Information Contact the Seller
- RE: Hair Salon In Harford County
- Contact: Michael McNamara,
Quick Facts
| Asking Price: | $200,000 | |
| Annual Revenue: | $285,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $90,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $70,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | 5 | |
| BBN Listing #: | 1017821 | |
| Broker Reference #: | 090122-583397 |
Business Overview:
This good salon has more than a decade of history at the same location and little to no nearby competition. It has a complete build-out already in place, an established staff that is expected to stay, and balanced revenue across hair and nails and across male and female clients. The seller is motivated and flexible on transition. This is a well-established full-service salon that has operated at its busy location for more than 10 years. It has built a loyal client base and faces little to no direct competition within a 7-mile radius.
Good landlord and lease with a new long-term lease for qualified buyers. The salon occupies approximately 1,100 square feet with a very nice and professional build-out that cost approximately $170,000. Monthly rent is $2,700 with a 3% increase annually. The business has an experienced, dependable team: 2 full-time stylists, 2 part-time barbers, and 1 part-time salon assistant, in addition to the owner, who currently works full time. The staff is described as good and loyal to the business and clients, which gives a new owner continuity from day one.
Revenue is split evenly between hair services (50%) and nail services (50%). The client base is 60% women and 40% men. The strong male clientele, supported by the barbers on staff, diversifies the business beyond a typical salon.The owner is flexible and willing either to stay on part time to support a smooth transition and client retention, or happy to sign a non-compete agreement and transition clients to new owner, whichever the buyer prefers. The owner is selling to ease into retirement and will be transitioning to a part-time instructor role at a salon school.
Contact the Seller:
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button (above Quick Facts) and when you are done searching and have made all your selections, simply click on the REQUEST FREE INFO button at the bottom of this page.
Reason for Selling:
Owner retiring. Kindly ask the seller for more information.
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:
- View more Maryland businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
Request More Information
