Multi-Location Hair Salon

Not Disclosed, NC
Wake County

Asking Price: Annual Revenue:
$3,000,000 $4,635,125

Services: Hair, Nails, Spas, Tanning

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RE: Multi-Location Hair Salon Broker: Jeff Snell
Owner Financing is Available!
Seller will participate in SBA financing up to 15%. Buyer will be required to have a minimum of 10% of total purchase price for down payment.

Quick Facts

Asking Price: $3,000,000
Annual Revenue: $4,635,125
Net Profit: Not Disclosed
Cash Flow: $736,377
Total Debt: Not Disclosed
FF&E: $73,355
Real Estate: Not Disclosed
Year Established: 2002
Employees: 69
BBN Listing #: 20446351
Broker Reference #: SALON6

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Business Overview:

This popular chain of high end hair salons offer an extremely wide range of services including hair cutting, coloring, treatments, extensions, and blowouts. They also provide makeup and facial services. The company provides extensive training via a structured internally managed team.
With approximately 7,000 online followers the business maintains an active social media presence. Other regular marketing activities include events at the salons, participation in charitable events and fundraisers, product demonstrations, product trainings and boot camps.
As you would expect they retail the finest hair and related brands in the market.

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Property Features and Assets:

Multiple locations total almost 6,600 feet. All are modern, clean and designed in such a way that is aesthetically- pleasing and functional. Locations have adequate parking and are conveniently located.

Market Competition and Expansion:

Competition: Clients have many options in this upscale community which is one of the fastest growing in the country, but this salon continues to grow and thrive as a result of its extremely loyal and talented stylists which have all executed non-compete agreements. Potential Growth: This business could serve as a franchise proof of concept. With multiple locations, all of which are profitable, the model could be replicated in other markets. One location has the space to add ~5 stations and all could add hours on Sundays.

Reason for Selling:

Other interests.

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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