MergerPlace

Hair Replacement and Beauty Salon

Pennsylvania


  • Asking Price: $397,000
  • Gross Income: $350,759
  • Cash Flow: $174,999
  • Real Estate: Not Disclosed
  • Inventory: $15,000
  • FF&E: $50,000
  • Listing ID: #196676
  • Established: 1981
  • Employees: 2 FT

Business Description

This salon has been in business for 35 years and is still owned and operated by the founder. It still resides at its original location which is a heavily traveled road in a well populated suburban location. The salon provides hair styling, waxing, facials, eyelashes, etc. but 90%+ of their business is hair replacement. They also have a state of the art process related to hair replacement coming that is expected to significantly increase revenue. It is a perfect fit for someone looking to open a profitable salon with an excellent reputation in a niche market or a current salon owner that would like to add another location and/or diversify their services. This salon is established, stable and very well managed. If in the market for a salon, this is a must see.


Business Details

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

Company Information

Year Established: 1981
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 2 FT

Financial Information

Asking Price: $397,000
Gross Revenue: $350,759
Cash Flow: $174,999
FF&E: $50,000
Inventory: $15,000
Seller Financing Available: No

Property Information

Facilities:

The salon is operated in an attractive stand alone facility on a road with an extremely high traffic count. Ample parking is available and a brand new electronic scrolling sign draws extraordinary attention to the business.

Growth & expansion opportunities:

This salon definitely has significant growth potential, not only expanding hair replacement services, but also by advertising and promoting the additional services offered. Also, the salon could open six days per week versus five and stay open beyond 6pm.

Competition:

Competition in the core business of hair replacement is extremely limited. They have customers that travel 60 to 100+ miles for their services due to their reputation of exceptional knowledge in the hair replacement business.

Reason for selling:

Retirement.

Support & Training:

Will train for 6 weeks @ no cost. A cosmetology license is required. The salons core business is focused on hair replacement services, however other services provided are hair styling, facials, waxing and eyelashes.

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Business Listed By:

Jack Greenawalt

Murphy Business Brokers