Well Known Hair Salon with Unique Market Niche

Buffalo, NY
Erie County

Asking Price: Annual Revenue:
$165,000 $450,000

Services: Professional

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RE: Well Known Hair Salon with Unique Market Niche Broker: David Blum
Owner Financing is Available!

Quick Facts

Asking Price: $165,000
Annual Revenue: $450,000
Net Profit: Not Disclosed
Cash Flow: $80,000
Total Debt: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1968
Employees: 7
BBN Listing #: 462538745
Broker Reference #: BUFFANY001-N470

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Business Overview:

The original company has been in business over 50 years and focuses on the cosmetology industry and has a solid footing in a market niche with little competition. The present owner acquired the Company ten years ago and increased market share with a second acquisition a year later. Significant changes to business strategy were addressed and resulted in stable sales during the economic recession. An active and involved owner with hair care experience, can make this business soar. One-third of sales are from the traditional market. Two-thirds of sales are in the "niche" market which comprises 3 distinct market segments in WNY and possesses various licenses and marketing rights. The Company has a solid reputation for providing a needed product and service across numerous demographics.

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Reason for Selling:

Owner would like to pursue other interests

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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