MergerPlace

Hair Salon in NW DC for a Great Price!

Washington, District of Columbia


  • Asking Price: $124,995
  • Gross Income: $421,087
  • Cash Flow: Not Disclosed
  • Real Estate: Not Disclosed
  • Inventory: $4,000
  • FF&E: $7,000
  • Listing ID: #210621
  • Established: 2013
  • Employees:

Business Description

Fantastic opportunity to own a unique hair salon located in an up and coming part of Washington, DC. The salon has a modern and contemporary atmosphere and has been welcoming clients throughout the DC metro area for over 5 years. In addition to the typical cutting and coloring services the salon also caters to a niche market which allows them to stand apart from the competition while attracting more clients!

The salon industry has been trending towards more personalized and specialized services in recent years. This salon concept capitalizes on this movement by offering customized services to a distinct and loyal clientele. The salon stylists are commonly booked as many as 2 months in advance so this is a proven model with significant upside and growth potential.

The owner is currently involved with another salon and is selling to allow them to focus on one operation. This presents the perfect opportunity for stylist or entrepreneur to take over a turn key operation without the headaches of starting a salon from scratch. The salon owner also owns the property and will be able to negotiate a long term lease with the next owner. The owner is motivated to sell and says bring all reasonable offers!


Business Details

Primary Business Category: Retail Trade - Beauty Salons, Barber Shops
Location: District of Columbia
Metropolitan Area: Washington

Company Information

Year Established: 2013
Home Based: No
Franchise: No
Relocatable: No
Number of Employees:

Financial Information

Asking Price: $124,995
Gross Revenue: $421,087
FF&E: $7,000
Inventory: $4,000
Seller Financing Available: No

Property Information

Facilities:

The 1600 sq ft space is located in an area that is being redeveloped and growing in NW DC. The owner/seller of the salon also owns the property, so they will negotiate and enter into a new long-term lease with the buyer. Base rent will be $3500 plus pass through expenses. The salon has an inviting modern and relaxing atmosphere with lots of windows and natural light. The salon occupies 2 floors with the first as a reception area and the second a wide open space with 5 style stations, shampoo “beds” and a nice sized dispensary.

Growth & expansion opportunities:

Lots of room for growth by hiring additional stylists and offering additional services at the salon. A new owner may also want to create a marketing or advertising campaign to create awareness of the salon’s unique offerings and services.

Competition:

Standard competition in the market for the industry though this salon does specialize in a certain method of cutting and styling specific hair types that will be shared later with interested buyers. The stylists of this salon are typically booked out about 2 months in advance, so this salon certainly stands out from the usual hair salon.

Reason for selling:

Owner has another salon and would like to focus on one location.

Support & Training:

Seller will provide necessary training and support.

Contact Business Seller

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Business Listed By:

Dustin Zeher

Horizon Business Brokers, LLC