Hair Salon & Spa - $105,000

Business Overview:

Beautiful salon (remodeled last year) is ready for a new owner who wants to move up from a smaller location. The seller and family have owned the salon for over 6 years, and now priorities have shifted. The business is staffed with established, experienced stylists and other beauty professionals and has the capacity to increase by 6-8 additional stylists. There is ample space to increase the retail product offerings, at the buyer’s discretion. The owner pays commission to the stylists for the product they sell. The owner is willing to stay on to service her clientele but is ready to relinquish the additional responsibility of managing the business. A reasonable lease is in place, but the amiable landlord will likely negotiate a favorable extension for the new owner.
Current Profit/Loss Worksheet for 2024, and tax returns for 2023, 2022, and 2021 will be disclosed to qualified buyers with signed Confidentiality/Non-Disclosure Agreement at the seller’s discretion. The business has averaged nearly $150,000 in sales and nearly $21,000 in sellers’ discretionary cashflow.
The selling price is $105,000, including all fixtures, furniture and equipment (assets valued at $46,000), registered business name, website/social media sites and inventory, valued at $2,000.

Current Profit/Loss Worksheet for 2024, and tax returns for 2023, 2022, and 2021 will be disclosed to qualified buyers with signed Confidentiality/Non-Disclosure Agreement at the seller’s discretion. The business has averaged nearly $150,000 in sales and nearly $21,000 in sellers’ discretionary cash flow.

The asking price is $125,000, including all fixtures, furniture and equipment (assets valued at $46,000), registered business name and website/social media accounts.

For full details and to schedule a confidential tour with the owner, contact Dennis Huffine using reply to this ad button.

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Property Features and Assets:

Located near most prestigious shopping area. 3000 sq. ft. recently re-modeled salon, with 14 regular workstations, 5 sinks, locker and laundry space. Ample parking.

Market Competition and Expansion:

Typical for local beauty industry.  5-7 additional staff can be added to significantly increase annual revenue.

Reason for Selling:

Additional Details:

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