Profitable Hair Salon With Loyal Customer Base

Business Overview:

Well established hair salon with loyal customer base. Business has been operating profitably for 26 years from the same location. Current owner has been a part of the business for 20 years and has been the owner for 14 of those.

The business is open daily with fully booked appointments. There is minimal salon competition in the area and the business continues to attract new clientele.

The business has a reputation for quality service and this can be verified in the client reviews.

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Property Features and Assets:

Monthly Rent: $3,500.00

Square Units (Foot, Meter): 1,300

Lease Expiration Date: March 31, 2025, 12:00:00 AM

Terms Options: Option to renew available

FF&E General Condition: The premises have been well maintained and the equipment is all in good working order.

Market Competition and Expansion:

Competition:

There is very little nearby salon competition.

Expansion:

The Salon is equipped with 6 chairs and currently 4 are being utilized. There is room for additional growth as a result.

Expansion of complementary services would also add additional growth opportunities.

Seller is interested in staying on post sale and renting one of the chairs in the business. This would provide additional revenue and client retention.

Reason for Selling:

Additional Details:

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