MergerPlace

Established & Well-Known Hair Salon

Maryland (Howard)


  • Asking Price: $140,000
  • Gross Income: $333,289
  • Cash Flow: $90,915
  • Real Estate: Not Disclosed
  • Inventory: $2,000
  • FF&E: $55,000
  • Listing ID: #207048
  • Established: 2001
  • Employees: 4

Business Description

Great opportunity to own a well-known and reputable hair salon in an established market in Howard County, MD. The owner and team of dedicated stylists have built the salon into a successful business providing top notch cutting, coloring, styling, makeup, and facial waxing services. The salon has a elegant and inviting atmosphere with a loyal clientele and enjoys great standing in the community. This is well-earned reputation is backed up by many excellent reviews on popular online platforms like Google, Yelp, Facebook, and more!

The salon is situated in a prominent retail space in a downtown business district with many other surrounding businesses. The salon has an intimate and boutique environment where focus on the client is paramount. Several nicely appointed retail displays yield additional revenue from the salon’s array of products. The cash flow is dependable with many years of steady growth makes this business an ideal acquisition target for the right buyer.


Business Details

Primary Business Category: Services - Other Services
Location: Maryland
County: Howard

Company Information

Year Established: 2001
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 4

Financial Information

Asking Price: $140,000
Gross Revenue: $333,289
Cash Flow: $90,915
FF&E: $55,000
Inventory: $2,000
Seller Financing Available: No

Property Information

Facilities:

The salon occupies a 1000 sq ft retail space with four stations on a main thoroughfare in a bustling commercial district surrounded by many other shops, attractions, and restaurants. The salon has an excellent storefront in a high traffic area with good street visibility.

Growth & expansion opportunities:

There is ample room to grow and expand the business. A new owner might consider implementing a marketing or advertising campaign to create awareness about the business to the surrounding markets.

Competition:

Competition is standard for the industry and market, but this salon has established itself as one of the top salons in the area so they stand apart from any nearby competitors.

Reason for selling:

Owner looking to pursue other interests.

Support & Training:

Seller will provide necessary training and support.

Contact Business Seller

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Business Listed By:

Alan Horn

Horizon Business Brokers, LLC