Profitable Salon with High Seller Income & Low Sytlist Turnover in Desirable Location For Sale

Full-Service Salon in Greater Boston 

Norfolk, Massachusetts

Listing Number: 1534Cutting hair.jpg

Financial Information

Asking Price:     $285,000
Inventory:         $   3,000 (additional)


Gross Revenue:  $800,000
Cash Flow:         $187,000

Business Description

A profitable salon with growth potential in an affluent area is available for sale! In business for 34 years, this modern salon has grown to over $800,000 in sales with an owner’s earnings exceeding $187,000! Additional growth opportunities exist for a new owner to benefit from.

The owner/stylist oversees the business, has very low staff turnover and equally loyal salon clientele. Most of the staff have been with the company for over 15 years! In a desirable and sunny location, the salon boasts an average client expenditure of $97 per visit, excluding any retail purchase. The owner will consider staying on as a stylist to ensure the continued success of the salon and ultimately transition his current client base.

The business provides a variety of services such as cuts/color, foiling, balayage, ombre, keratin straightening and special event styling. The salon is an exclusive user of a high-end Italian hair color line. The retail brands include Soma and Tri.

 

General Information

Competition: Low level of competition defined in the Confidential Business Review.

Growth & Expansion: Management has identified ways for a new owner to meaningfully scale the business, such as increasing number of stylists (capacity exists for nearly twice as many) and expanding days or hours of operation (salon is presently closed two days per week).

Employees: 9 FT

Financing: A qualified buyer may be able to obtain an SBA loan with as little as a 20% down payment.

Support & Training: The owner will consider staying on as a stylist to ensure the continued success of the salon and ultimately transition his current client base.

Reason Selling: Retirement

Contact Information

Molly Hanson
info@mabusinessbrokers.com