High End & Profitable Hair Salon & Spa At Upscale Loc In MD!!!!

Business Overview:

A highly profitable, 30+ year established full-service salon catering to high-income individuals.

The business features steadily growing year-over-year revenue and profit trends, and the current owner is selling due to retirement. This great cash cow investment opportunity 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:

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Property Features and Assets:

The business location is in highly visible and high-traffic (both foot and car) shopping districts. There is ample parking and easy access for customers. The interior facilities are both luxurious and welcoming. All fixtures and equipment in excellent conditions.

Market Competition and Expansion:

This is the most unique and most beautiful Salon and Spa business in the Areas like no other, hence the direct competition is relatively low! It offers many options in beauty and care! It's all turn-key and ready to go for a hair stylist, a esthetician, manicurist, massage spa, this is a very sophisticated Salon, and you can start making money right-away!

Additonally, what makes this business stand out is the multi-generational presence in the market for almost 16 years, high focus on the customer experience, successful marketing, and tight operational systems/processes.

Going forward, a great growth potential awaits as this location is top notch and hot location in MD where population is increasing, through residential buildings and commercial offices. To cope with the future growth, sufficient space is available inside that can be maximized for high sales volumes and profitability including adding more hair stylists because there is great demand for high end services in the area, and customers are affluent. Densely populated areas around this business, in terms of increasing residential, commercial buildings, and hotels as well as great influx of tourists visiting from all over the country and globally, throughout the year!

New buyer has a strong potential to further add other services and sell personal care accessories/products to boost sales.

Digital marketing has great potential for Spa businesses in MD and new buyer can fully capitalize on this opportunity.

Reason for Selling:

Owner retiring. Kindly ask the seller for more information.

Additional Details:

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