Luxury Hair Salon Downtown DC

Washington, DC Not Disclosed

Asking Price: $350,000

Annual Revenue: $1,866,612

Services: Hair, Nails, Spas, Tanning

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RE: Luxury Hair Salon Downtown DC
Contact: Erik Woodworth

Owner Financing is Available!

Owner Financing Terms$99,000.00 Owner Financing Interest8% Owner Financing Terms Months24 Owner Financing Monthly Payment$4,477.50

Quick Facts

	Asking Price:	$350,000
	Annual Revenue:	$1,866,612
	Net Profit:	Not Disclosed
	Cash Flow:	$244,428
	Total Debt:	Not Disclosed
	FF&E:	245,064
	Real Estate:	Not Disclosed
	Year Established:	2006
	Employees:	15
	BBN Listing #:	994749765
	Broker Reference #:	77441-350794

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Business Overview:

Beautifully built-out luxury hair salon in DC's central business district. Highly experienced staff of world-class hair stylists and colorists cater to professionals and residents in the U.S. capital-city. With proximity to offices, including global media companies, law firms, financial firms, non-profits, etc, this salon with great street-frontage is in an absolutely prime location to continue its recovery from pandemic-era restrictions.

With over 12 full time employees, including commission-based hair stylists and colorists, and almost 20 cutting and coloring stations, not to mention manicure/pedicure and waxing/esthetician facilities, this salon has it all!

Features L'Oréal family products.

Perfect for either an owner-stylist or other owner-operator. Call soon to see this turnkey and profitable salon that could be yours for less than cost of building out and developing similar business from scratch! The owner spent hundreds of thousands more building this salon.

Please note that indicated financial info is from just prior to pandemic. Revenue levels are close to fully recovered and this could likely be completed with additional hiring. Please inquire for more details.

Seller financing a possibility which may help a qualified purchaser obtain SBA-guaranteed loan.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Monthly Rent: $13,322.45 Square Units: (Foot, Meter): 2,850 Lease Expiration Date: December 31, 2027, 9:00:00 PM Terms Options: NNN

Reason for Selling:

Retirement

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

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