25yr Old Northern VA Hair Salon Semi-Absentee Opp.

Business Overview:

This amazing hair salon has been successful for over 25 years and now it is time for the owner to retire. If you've ever thought of owning your own hair salon this, is it!
There are currently 7-hair stylists working 3-4 days per week. The shop is fully equipped with ten comfortable workstations, washing sinks, dryers, and color matching system. Plenty of room for nail or cosmetic stations, everything is maintained spotlessly. The absentee owner spends approximately 20 to 30 hours per week and does not work as a hairdresser. Owner Recently took a long vacation and the staff of 9 ran it flawlessly.
The Salon is known for its comfortable atmosphere, skilled and experienced stylists and high-quality products with a solid list of loyal, repeat customers and has spent no money on advertising in years.
The building faces one of the busiest highways in the area and has approximately 1660.sq.ft. of space with a very reasonable rent of approximately $2,500 per month. The name, phone number, web & social media, all equipment, POS system, signage, and inventory is included. Seller will stay for up to 30-days to train and insure a smooth transition.

Total Sales 2023 - $450,207
Free Cash Flow $65,000+

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Property Features and Assets:

Monthly Rent: $2,016.00

Square Units (Foot, Meter): 1,660

Lease Expiration Date: January 2, 2024, 9:00:00 PM

The Seller began her salon in her home and quickly moved to this shop where it has been for over 25 years. The location was built out to her specifications and provides high visibility from its frontage on a very busy highway. The customer base is very loyal and a steady stream of new clients come from walk-ins and client referrals with little or no advertising.

Market Competition and Expansion:

Expansion: 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.

Competition: 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.

Reason for Selling:

Additional Details:

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