High End & Profitable Hair Salon & Spa at Upscale Loc in MD!!!!
Listing Number: 090122-583397
Listing Details
High End & Profitable Hair Salon & Spa at Upscale Loc in MD!!!!
Price: $200,000
Location: Maryland
- Down Payment: $100,000
- Sales: $285,000
- Seller's Discretionary Earnings: $90,000
- Inventory: $50,000
- Furniture, Fixtures, and Equipment: $70,000
- Rent: $2,700
- Employees: 5
- Year Established: 2010
- Reason for Selling: Owner retiring
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Business Description
A highly profitable, 30+ year established full-service salon catering to high-income individuals.
The business features steadily growing year-over-year revenue and profit trends, and the current owner is selling due to retirement. This great cash cow investment opportunity salon has more than a decade of history at the same location and little to no nearby competition. It has a complete build-out already in place, an established staff that is expected to stay, and balanced revenue across hair and nails and across male and female clients. The seller is motivated and flexible on transition. This is a well-established full-service salon that has operated at its busy location for more than 10 years. It has built a loyal client base and faces little to no direct competition within a 7-mile radius.
The business features steadily growing year-over-year revenue and profit trends, and the current owner is selling due to retirement. This great cash cow investment opportunity salon has more than a decade of history at the same location and little to no nearby competition. It has a complete build-out already in place, an established staff that is expected to stay, and balanced revenue across hair and nails and across male and female clients. The seller is motivated and flexible on transition. This is a well-established full-service salon that has operated at its busy location for more than 10 years. It has built a loyal client base and faces little to no direct competition within a 7-mile radius.
The business has an experienced, dependable team: 2 full-time stylists, 2 part-time barbers, and 1 part-time salon assistant, in addition to the owner, who currently works full time. The staff is described as good and loyal to the business and clients, which gives a new owner continuity from day one.
Revenue is split evenly between hair services (50%) and nail services (50%). The client base is 60% women and 40% men. The strong male clientele, supported by the barbers on staff, diversifies the business beyond a typical salon.
The owner is flexible and willing either to stay on part time to support a smooth transition and client retention, or happy to sign a non-compete agreement and transition clients to new owner, whichever the buyer prefers. The owner is selling to ease into retirement and will be transitioning to a part-time instructor role at a salon school.