MergerPlace

Hair Salon

Maryland


  • Asking Price: $148,750
  • Gross Income: $480,000
  • Cash Flow: Not Disclosed
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #215346
  • Established: Not Disclosed
  • Employees: 13

Business Description

This is the premiere unisex hair salon in Montgomery County. Well established and owned by the seller since 1998! This location is phenomenal: VERY high traffic and ample free parking. Gross monthly sales average about $40,000 per month. Rent is only $4,271 (plus $612 for CAM charges) for 2046 square feet. Hours of operation: Tuesday through Friday 8 a.m. to 6 p.m. and Saturdays 7 a.m. to 3:30 p.m. This hair salon employees 13 employees and has an average monthly payroll of roughly $18,000. 14 chairs. Stylist are paid on a commission basis either 50/50 or 60/40...several stylist receive paid vacations. Other Monthly Expenses: Pepco $360, Verizon $188, Washington Gas $115, Comcast $127 and WSSC $200. The approximate value of the inventory is $45,000.
There is a receptionist on staff Thursdays, Fridays and Saturdays.
On Tuesday and Wednesday, the staff answers the incoming calls. The salon employs an hourly paid shampoo specialist Tuesday - Saturday.


Business Details

Primary Business Category: Retail Trade - Beauty Salons, Barber Shops
Location: Maryland

Company Information

Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 13

Financial Information

Asking Price: $148,750
Gross Revenue: $480,000
Seller Financing Available: No

Contact Business Seller

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Business Listed By:

Tracy Riley

Biz Buy Brokerage