Seller's Contact Information
- RE: Profitable Salon And Barbershop With Spa Room
- Contact: Katie Holditch
Quick Facts
| Asking Price: | $55,000 | |
| Annual Revenue: | $150,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $70,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $60,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2020 | |
| Employees: | 4 | |
| BBN Listing #: | 108844107 | |
| Broker Reference #: | 76931-236257 |
Business Overview:
Profitable Modern Salon, Reduced and Seller Financing Avail
REDUCED with Seller Financing Available!
This beautiful salon was opened in 2020 by the seller, who is a licensed stylist. The current owner has a steady and loyal customer base and three commission-based stylists with room for at least two more. There’s one stylist who rents a chair for $550 a month. The salon is located in a prominent commercial strip center, so the accessibility and visibility of the salon are fantastic. When purchasing this business, the buyer would be investing in location and significant growth potential. The buyer could be a stylist who is ready to take the exciting step into business ownership or possibly the buyer might not be a stylist but is an individual who wants to cultivate and develop a successful salon business with 6 commission-based stylists. The new owner could decide to lease/rent out half or all of the chairs and therefore wouldn’t have W2 employees but contractors. There is a wide variety of potential scenarios and revenue streams. 2022 sales should easily top $150,000, with SDE coming in at over $70,000. Even in 2020, total revenue was $102,985 with an SDE of $22,638. Keeping in mind that any salon business will see a decent amount of cash sales, the actual numbers are likely even better.
In addition to cuts, color and styling services, this salon is also a full barbershop with the trendiest of fades and offers spa services as well. The spa side of the business currently offers Hydrofacials, microblading, Henna tinted eyebrows and even eyelash extensions. Any buyer could even add to the spa portion of the business by introducing additional services. There is a nice esthetician room in the back of the salon.
Any potential buyer could invest in marketing and hiring to see the revenue increase by 2 to 3 times depending on how many other stylists the buyer chooses to hire as either commission-based employees or stylists who rent a chair. There is currently no need for management, but any buyer could hire part-time management, a receptionist or two OR just use an AI system for booking appointments and therefore eliminate the payroll cost of front desk help. The salon is ripe for updating in regards to marketing, online booking and/or adding services and retail products.
This business was established in 2020 and the owner currently works full-time providing haircuts, extensions, specialty hair services and custom hair color. There are currently three stylists on staff who are paid via 60/40 commission. There is also one stylist who leases a chair monthly for $550. Any new owner could and should add at least 3-4 stylists in order to double or even triple current revenue.
Historically, the day-to-day operations of the business are not complicated and the salon can easily be run by one person at a time. There is no immediate need for full time management or reception, but the salon is ripe for updating in regards to marketing, online booking and/or adding services, like a full-time esthetician in an already established and dedicated space in the back of the salon.
Any potential buyer could invest in marketing (Google Ads, Facebook, Instagram, etc.) and add a variety of products for retail sale to see the revenue increase by two or three times depending on how many additional stylists the buyer chooses to hire as either commission-based employees or stylists who rent a chair. As an example, a $5 increase on 300 services a month adds $18,000 annually to the bottom line.
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Reason for Selling:
Family
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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