MergerPlace

Established Hair Salon For Sale

Massachusetts (Essex)


  • Asking Price: $79,000
  • Gross Income: $292,048
  • Cash Flow: $15,761
  • Real Estate: Not Disclosed
  • Inventory: $9,000
  • FF&E: $35,000
  • Listing ID: #198562
  • Established: 2003
  • Employees: 5 FT/ 2 PT

Business Description

PRICE REDUCTION – SELLER MOTIVATED FOR QUICK SALE. Established full service hair salon in a strong retail center. Business has been open for over 14 years with stable staff and many long time customers. Additional locations can be acquired as part of this transaction at a reduced cost.


Business Details

Primary Business Category: Retail Trade - Beauty Salons, Barber Shops
Location: Massachusetts
County: Essex

Company Information

Year Established: 2003
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 5 FT/ 2 PT

Financial Information

Asking Price: $79,000
Gross Revenue: $292,048
Cash Flow: $15,761
FF&E: $35,000
Inventory: $9,000
Seller Financing Available: Yes

Property Information

Facilities:

There are 8 styling stations and 3 shampoo stations in this 1400 sq. ft. layout. All fixtures are in excellent condition and salon has been recently repainted to new image decor.

Growth & expansion opportunities:

A full time owner/manager can incentivize staff to increase revenues, execute direct advertising strategies in trade area and promote business to dozens of surrounding businesses. Top line revenues can be increased by 20-30% with a full time manager.

Competition:

Competition is very limited in the trade area, with only 1 other national company and 3 small independent salons. This salon is located in best shopping center within a 5 mile radius.

Reason for selling:

Seller works full time in another job, not enough time to manage business properly.

Support & Training:

Will train for 2 weeks @ no cost. This is a full service salon serving woman, men and children in hair cutting, styling and coloring. Business also offers a variety of hair products for sale at retail to compliment personal styling services of staff. Business management skills are required to oversee staff and grow the business.

Contact Business Seller

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Business Listed By:

John Rogozenski

Murphy Business Brokers