NOT DISCLOSED, Virginia
| Asking Price |
$225,000 |
Year Established |
1998 |
|
| Annual Revenue |
$474,337 |
Reason for Selling |
Retiring |
|
| Annual P/L |
$0 |
Attention |
Bill Kelly |
|
| Annual Cash Flow |
$54,382 |
Listing Number |
989079 |
|
| # of Employees |
7 |
Business Category |
Services: Hair, Nails, Spas, Tanning |
|
Business Overview:
Great, Established Hair Salon, Ready for New Owner, Busy Highway
25 Years of Success – Ready for New Ownership The Seller will prove an owner / stylist can make over $130,000 per year or more, working 4-5 days per week. This thriving hair salon presents an exceptional opportunity for aspiring salon owners. After 25 successful years, the current owner is ready to retire and pass this well-established business to the next generation. Staffing: 7 experienced hair stylists working 5 days per week Owner involvement: 20-30 hours per week (can be operated as absentee owner model) Client base: Loyal, repeat customers built through word-of-mouth (no advertising costs in years) The salon occupies approximately 1,660 square feet of prime real estate facing one of the area's busiest highways in the area. with 10 fully equipped, comfortable workstations, professional washing sinks and dryers, advanced color matching system Expansion potential for nail or cosmetic stations Spotlessly maintained throughout. Known for its welcoming atmosphere, skilled stylists, and premium products, this salon has built a reputation that drives consistent business without advertising expenses. The location's high visibility and reasonable overhead create an ideal foundation for continued growth and success. Perfect for experienced stylists ready to own their own business! Rent: Approximately $2,500/month Total Sales 2024 - $455,936 Free Cash Flow Between $65,000 and $130,000 Call Broker for more details.
Property Features and Assets:
<p>Monthly Rent: $2,200.00<br><br>Square Units (Foot, Meter): 1,660<br><br>Lease Expiration Date: January 2, 2024, 12:00:00 AM</p><p><br></p>
Market Competition and Expansion:
<p>Competition:<br></p><p>Like most higher income, growing cities, there are multiple hair salons in the area. However none have the reputation or have been doing business as long as this shop.<br></p><p><br></p><p>Expansion:<br></p><p>This shop maintains its customer base from walk-ins and customer referrals. However, the Seller has worked simi-absentee for several years and the shop is ready to take to the next level. Better appointment management and Increased social media is all that is required to grow income.<br></p>
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