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Established Professional Hair Studio
Beauty & Personal Care Businesses for Sale
- Primary Industry: Other Beauty & Personal Care
Established in 2009, this well known beauty hair salon has developed a strong reputable brand that attracts an extremely loyal base of recurring clients, testament to the exceptional services provided. The salon was crafted to exude a contemporary sense of luxury within an intimate setting. The business is supported by a team of highly skilled professionals boasting an impressive 40+ years of combined experience in the art of hair coloring, cutting & treatments. Coupled with the top-of-the-line products they have set themselves apart as industry experts as the go-to hair salon within Montgomery County. Each employee specializes in their own unique niche hair type catering to a large variety of demographics. Based on the salons positioning as a luxury brand, coupled with a long-standing well-known reputation, the salon is able to command a premium price that is supported by the local reoccurring client base & marketplace demographics.This business operates out of a 1700 square foot commercial facility with high visibility to 17,000 vehicles per day. The local affluent population of 87,000 is located within 3 miles, with an average household income of $133,000.
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Annual 2022 revenues of $597,761 with Seller Discretionary Earnings of $112,464.
Financial Information
- $175,000 Asking Price
- $112,464 Cash Flow
- $597,691 Gross Revenue
- Negotiable Down Payment
Business Location
- City: Confidential
- State: Pennsylvania
Reason for Sale
- Retirement
Detailed information
- Year Established: 2009
- Home Based: No
- Franchise: No
- Relocatable: Yes
- Lender Prequalified: No
- SBA Prequalified: No
- Full-Time Employees: 7
- Part-Time Employees: N/A
- Contractors: N/A
- Owner Worked Hours/w: N/A
- Adjusted EBITDA: N/A
- Inventory Included: Yes
- Inventory Value: $13,000
- Monthly Rent: Negotiable
- Real Estate Available: Yes
- Real Estate Included: No
- Real Estate Value: Negotiable
- Building Size: 1700
- FF&E Included?: Yes
- FF&E Value: $52,385
Training/Support
- Owner is willing to provide up to 30 days training & transition included in the price of the business.
Facilities
- Hair Studio is operated out of a a retail space that is located in a high traffic foot area.
Market Outlook/Competition
- In the local area, the competition comprises a diverse blend of independent salons, chain salons, & beauty studios, each offering a range of services. However, this unique and luxury-branded salon has carved a distinct niche as a specialized color-centric salon, setting itself apart in the market. Renowned for their reputable staff & preferred product partnerships, they hold a significant advantage, securing a prominent position in the industry and attracting recurring customers.
Real State Description
- This business operates out of a 1700 square foot commercial facility with high visibility to 17,000 vehicles per day. The local affluent population of 87,000 is located within 3 miles, with an average household income of $133,000.
Business Listed by
Edward Bell
Sunbelt of Sarasota and Bradenton, FLContact Business Broker
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