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Asking Price: $500,000

Thriving Hair Salon Business with Loyal Customers

Not Disclosed, MA
Not disclosed

This business has been providing high-quality hair care services for 40 years. It has two locations totaling 3,500 square feet of retail and service space and 18 employees. Despite the industry having high employee turnover, many of the employees have been there for 5-10 years and some for decades due to the positive team culture and excellent training program.The salon bills in the top 5% of the industry by square foot and it has successfully grown over the past 4 decades, providing a necessity as well as a luxury to its growing customer base. They currently market to their customers through social media and monthly email blasts. Revenue primarily comes from hair cutting (50%) and hair coloring (35%), but other services (5%) and salon retail products (10%) are a key growth expansion opportunity.Launched in 1983 and expanded to a second location in 1988.Limited competitors in the area due to salon closures during COVID. There is strong future growth potential by attracting younger clients interested in fashion color as well as highly profitable male customers, who typically seek multiple services at each visit and are more likely to make retail purchases based on recommendations from their stylist. The business can also grow by expanding into other segments of beauty and personal care to increase visit frequency and attract new customers. Service expansion opportunities include brow filling, eyelash extensions and scalp treatments.Two locations, one is in an office building and one is in a strip center.

Cash Flow $112,169
Revenue $921,882
$ Owner Financing Available

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