MergerPlace

Well-Known, Reputable & Profitable Salon

Washington, District of Columbia


  • Asking Price: $279,995
  • Gross Income: $962,072
  • Cash Flow: $127,678
  • Real Estate: Not Disclosed
  • Inventory: $18,000
  • FF&E: $14,815
  • Listing ID: #206899
  • Established: 1992
  • Employees: 11

Business Description

Rare opportunity to own an independent salon that's been serving clients in the DC metro area for over 25 years. The talented team of stylists offer the full suite of cutting, coloring, hair straightening, and related services to a diverse and loyal clientele. They also offer makeup, manicure, pedicure, and waxing services. The salon is located in a bustling part of the city in close proximity to major commercial and residential areas.

The salon has seen steady and consistent growth over the years and is poised for continued growth. The owner and founder has decided it’s time to retire after building and running this successful operation. The owner will stay on as a stylist if needed, but is more than happy to turn over the keys to the right buyer as well.

This is the perfect opportunity for a current salon owner looking to expand their business or a stylist looking to set out on their own without the headaches of starting a salon from scratch. The combination of over two decades in business, a stellar reputation, and attractive lease terms are nearly impossible to find in the DC salon market. Don’t let this opportunity pass you by and contact us today!


Business Details

Primary Business Category: Services - Other Services
Location: District of Columbia
Metropolitan Area: Washington

Company Information

Year Established: 1992
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 11

Financial Information

Asking Price: $279,995
Gross Revenue: $962,072
Cash Flow: $127,678
FF&E: $14,815
Inventory: $18,000
Seller Financing Available: Yes

Property Information

Facilities:

Situated in a prominent storefront location on the ground floor of an office building. There is significant pedestrian and drive-by traffic throughout the day with lots of retail, commercial, and residential areas in the immediate vicinity. The salon has a sleek and modern interior complemented by an inviting atmosphere with high end furnishings and equipment.

Growth & expansion opportunities:

There are many opportunities for a new owner to initiate new marketing and advertising campaigns to increase awareness. A new owner might also consider bringing on additional stylists or offering new services to appeal to a broader demographic.

Competition:

There is standard competition for the industry and market, but this salon has an advantage over many competitors due to its excellent reputation, 25-year track record, and premier location with reasonable rent and an attractive remaining lease term.

Reason for selling:

Owner is retiring.

Support & Training:

Seller will provide necessary training & support and even stay on as a stylist if the buyer wants them.

Contact Business Seller

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Business Listed By:

Dustin Zeher

Horizon Business Brokers, LLC