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Luxury Hair Salon Downtown DC
WASHINGTON, DC
Not Disclosed
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| Asking Price: | Annual Revenue: |
| $350,000 | $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.
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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
Relevant Links:
- View more District of Columbia businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
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