Not Disclosed, PA

Asking Price: Annual Revenue:
$299,900 $498,287

Services: Hair, Nails, Spas, Tanning

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RE: Salon Broker: Jack Greenawalt

Quick Facts

Asking Price: $299,900
Annual Revenue: $498,287
Net Profit: Not Disclosed
Cash Flow: $143,918
Total Debt: Not Disclosed
FF&E: $15,000
Real Estate: Not Disclosed
Year Established: 2007
Employees: 9
BBN Listing #: 80934955
Broker Reference #: 2602-15672

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Business Overview:

This full-service hair salon was started in 2007 by the current owner and at the time he was the one and only stylist. However, over the last thirteen years the salon has experienced tremendous growth and the growth has been extremely consistent. Each and every year of operation resulted in higher revenue than the previous year, typically generating a 5-10% increase over the previous year. Of course, the other area of growth has been the expansion of staff to seven stylists and two front desk staff. The employees have been very stable over the years and in some cases there are stylists that have been with the salon for eleven years. The online reviews have been very good due to the staff being reliable and producing high quality work. The salon itself describes themselves as an upscale “come as you are salon.” The environment is clean, upbeat, non-judgmental and extremely friendly. They provide their customers with a complimentary beverage and free wi-fi.

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Property Features and Assets:

The salon resides in an attractive and inviting atmosphere. Hence, the loyal client base looks forward to having services performed. It doesn’t get any better than its current prime location and having ample private parking behind the salon. Its location has high visibility on a high traffic count street. The salon is currently near the end of a five-year lease term which ends in December of 2020. Currently the rent is $2201 per month, including water and the beauty of this lease is there are no CAM fees, which is quite unusual. The rented space is 1,560 square feet. The landlord is willing to sign a transfer or sign a new lease with a new qualified owner. Assets= $23,000

Market Competition and Expansion:

The hair salon industry tends to be very stable and is growing quite rapidly due to the surrounding areas that are seeing increased population and tremendous growth. This industry still requires being face to face in order to receive the services offered which eliminates online competition. There is a strong demand for the current services provided and an opportunity to add additional services if desired. The salon has a recognized and established presence in the region. This salon is in the top two salons in the area and if you look at their reviews it is easy to understand why. The website is impressive and allows clients to book appointments online. The salon resides in an attractive and inviting atmosphere. Hence, the loyal client base looks forward to having services performed. The location of the salon is on the main street which provides high visibility on a high traffic count street. As the growth of the area continues, so does the need and demand for full-service hair salon services.

Reason for Selling:

Career Transition.

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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