Lucrative Hair Salon in Popular Suburb

Not Disclosed, OR
Washington County


Asking Price: Annual Revenue:
$200,000 $248,595

Services: Hair, Nails, Spas, Tanning


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RE: Lucrative Hair Salon in Popular Suburb Broker: Michael Morrissey

Quick Facts

Asking Price: $200,000
Annual Revenue: $248,595
Net Profit: Not Disclosed
Cash Flow: $101,539
Total Debt: Not Disclosed
FF&E: $30,000
Real Estate: Not Disclosed
Year Established: 2015
Employees: 4
BBN Listing #: 198552348
Broker Reference #: 59071-626244

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Business Overview:

This high end salon sits in a popular commercial center of a booming Portland suburb. The space has 10 chairs and 2 private treatments rooms. With over 3,000 loyal customers in their data base, people come from all over the area for color artistry, highlighting, sculpting & styling, bridal styles & makeup, special occasions, facial treatments, waxing, threading, and much more. They also retail a popular line of beauty products.

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Property Features and Assets:

Since its opening 4 years ago, the business has been in the black every month and is growing year over year. Since starting simple with hair styling and coloring, the business has been able to gradually add on a large menu of services that keep it competitive in the beauty salon industry.

Market Competition and Expansion:

Competition is considered low in this area. There is one other Salon on the other side of town about 1 mile away. Potential Growth: The largest area of opportunity is to add on more stylists. There is only one full time stylist currently. With 10 chairs for customers this salon has a lot of room for growth, but has purposely limited the number of employed stylists. An expansion of business hours would also see additional growth since the business is only open 5 days per week.

Reason for Selling:

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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