Established Hair Salon in Old Town Alexandria!

Alexandria, VA
Alexandria City County

Asking Price: Annual Revenue:
$74,995 $253,709

Services: Hair, Nails, Spas, Tanning

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RE: Established Hair Salon in Old Town Alexandria! Broker: Dustin Zeher

Quick Facts

Asking Price: $74,995
Annual Revenue: $253,709
Net Profit: Not Disclosed
Cash Flow: $67,221
Total Debt: Not Disclosed
FF&E: $20,000
Real Estate: Not Disclosed
Year Established: 1984
Employees: 3
BBN Listing #: 478732377
Broker Reference #: HZ432DZ

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Business Overview:

Great opportunity to own a well-known hair salon that has been established for over 30 years in Old Town Alexandria. The business is ideally located on a prominent thoroughfare with excellent street visibility. The salon owners have done an excellent job building a successful salon with reliable revenue and cash flow over the years. There is a stable client base, but there is also plenty of room to grow and expand the business.

The salon specializes in all the standard cutting, coloring, and hair straightening services. There is also a nail technician who provides the full array of manicure and pedicure options. A new owner could expand the service offerings and there is room to bring in additional stylists while keeping the current salon concept in place.

This is the perfect opportunity for a current salon owner looking to expand their business or a stylist looking to set out on their own without the headaches of starting a salon from scratch. The combination of over three decades in business, an excellent reputation, and attractive rent make this the perfect opportunity that’s rarely found in the market today.

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Property Features and Assets:

The business is situated in a prime storefront location at the intersection of a main thoroughfare in Old Town Alexandria. The salon space measures approximately 1,222 square feet is leased for $3,509.40 a month and is located on the ground floor of a mixed use building with an entrance off the street. Hair Salon Data: Style Stations: 4 Shampoo Bowls: 2 Dryers/Hair Processors: 2 Nail & Pedicure Stations: 1 Private Rooms for Massage/Spa Services: 1

Market Competition and Expansion:

Competition: There is standard competition for the industry and market. Growth & Expansion: There is ample room for growth and expansion for a new owner operator. The salon doesn’t currently engage in any real marketing or advertising and there is room to bring in new clients. There are open stations for additional stylists and expanding the current service offerings would be accretive to the business.

Reason for Selling:

Owner is retiring.

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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