Primary Category:Hair Salons & Barber Shops for Sale
This business was founded in 1998 and purchased by the current owner in 2004, who has over 30 years of experience herself, with an additional 19 years of experience in her team. The shop started as a two-station team but has grown annually to become the current six shared-station team and continues to hire and educate additional team members. The team’s goal is to deliver excellent customer service and to make clients look and feel their best. They believe that educating clients is a very important part of their experience and will take the time with each and every client to ensure that they feel comfortable and know what needs to be done to maintain their look. The team also understands that continuing education is key as this industry is forever changing and evolving.
The shop specializes in women's, men's, and children’s haircuts as well as styles, color applications, corrective color, permanents, smoothing treatments, conditioning treatments, foils, specialty colors, hair extensions, hairpieces, wigs, manicures, pedicures, waxing, and more. The White Mountains Region is also an extremely popular wedding destination. The salon offers many wedding packages, including hair and makeup services, for any size wedding party. The team’s goal is to make the bride’s wedding day as special as it can be. This business is truly a full-service hair and nail studio.
The salon is located in the heart of the White Mountains National Forest, on one of the most popularly travelled roads in New Hampshire. Its location is both visible and accessible and is frequented by loyal locals and visitors alike. The area is also a popular destination year-round for its hiking, biking, swimming, winter activities, foliage, and other attractions, both man-made and natural, that the White Mountain National Forest has to offer.
Financial Information
$180,000
Asking Price
$78,103
Cash Flow
$347,398
Gross Revenue
Negotiable
Down Payment
Yes
Financing
N/A
Adjusted EBITDA
Business Location
City:
Confidential
State:New Hampshire
Reason for Sale
The owner has decided that she would like to try semi-retirement in anticipation of sharing living time between New Hampshire and Florida.
Detailed information
Year Established:1998
Home Based:No
Franchise:No
Relocatable:No
Lender Prequalified:No
SBA Prequalified:No
Part-Time Employees:6
Contractors:N/A
Owner Worked Hours/w:40
Inventory Included: No
Inventory Value:
$7,200
Monthly Rent:
$1,600
Real Estate Available: Yes
Real Estate Included: No
Real Estate Value:
N/A
Building Size: 1350
FF&E Included?: Yes
FF&E Value: $11,500
Training/Support
The current owner is willing to stay on and train for two weeks after the transfer of the business at no charge. She is also willing to remain in the shop working for a new owner should a buyer be interested.
Facilities
The leased space is 1350 square feet and includes a front desk, waiting area, professional stations, bathroom, storage, and break area. Ample parking is available in the parking lot. The commercial condominium is owned by the current business owner under another entity, and a lease term will be negotiated with a new owner with rent starting at $1600 per month, plus utilities.
Market Outlook/Competition
This salon is the most popular salon in the community and commands the greatest market share. There are small, one person shops in the area, but nothing of the scope and professionalism of this full service salon. The salon is very busy with its local clientele all year and gets even busier when visitor and wedding traffic is at its highest (June through October and December through March, roughly).
Real Estate Description
Seller owns the retail space under a separate entity and pays rent to that entity.
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