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Asking Price: $550,000

Tri-State Hair Restoration - 5-Star Rated

Randolph, NJ
Morris County

Brick-and-Mortar Business striving to restore clients' confidence with their high-quality, non invasive hair restoration solutions. They cater to men, women, and children alike with their hair “wigs” toppers, “systems”, and extensions, providing them with a non invasive form of hair attachment that ensures that the needs of each client are met. The brand further differentiates themselves from competitors by offering a “skin” base for men and women, which, coupled with their customer-centric focus and high-quality hair, bolsters their reputation. They have over 130 active clients, high retention rates, and glowing Google reviews. They generate steady profit through a recurring revenue model, with $205,476 in guaranteed annual income from over 33 contracted members who pay on the 1st and 15th of each month. Additionally, while the company has no marketing to speak of, the demand for their services has proven high enough that they have seen a steady revenue increase from $91k in 2019 to $419k in 2023. While the company has come far without advertising, a buyer can quickly scale the brand by implementing a campaign. They could accomplish this by implementing strategic marketing on platforms like Facebook, Instagram, and Google Ads. They could also strengthen their organic traffic by creating a YouTube presence and launching blogs or online courses, which would also help educate potential clients about hair restoration options and give them a position as an industry leader. They could strengthen their position as a trusted name in the market by collaborating with dermatologists, oncologists, and cosmetic surgeons to create a referral pipeline for clients suffering from hair loss. A buyer could generate additional traffic by opening new studios in other major cities like NY, NJ, and PA, as customers already travel from these locations to utilize their services. They could also establish an eCommerce storefront to offer hair systems, extensions, and maintenance products, allowing them to target customers in the US and potentially worldwide. The company could make the most of their dedicated audience by releasing tiered membership options with extra benefits or services, which could increase customer retention and their recurring revenue. They could also improve the quality of their services and further set themselves apart by securing exclusivity with key suppliers or developing proprietary hair systems. This acquisition boasts a steady stream of clients, a 5-star reputation, and proven operational systems that have been streamlined for efficiency. Their established supplier relationships will offer a buyer an excellent starting point if they wish to expand their products or services, and the paid inventory included in this sale will provide a strong starting point. Current ownership is also willing to stay on for the transition process, which will ensure a smooth handover.SF440

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Cash Flow $260,587
Revenue $439,764

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