MergerPlace

Well Established Turn-key Beauty Salon

Pennsylvania (Berks)


  • Asking Price: $99,990
  • Gross Income: $433,844
  • Cash Flow: $39,730
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $50,000
  • Listing ID: #205388
  • Established: 2010
  • Employees: 9 FT/ 3 PT

Business Description

Amazing opportunity to own an established full service hair and nail salon with a highly experienced team of stylists working for you. The salon has recently been renovated and is located on a popular throughway in a busy, developed area. The salon has a successful bridal service business that is constantly growing and it is a preferred vendor for a large wedding venue. Most of the stylists have been working together for 10+ years and have established books of clientele they have been servicing for years. Current owner wants to stay on as a stylist and could manage the wedding side. This is completely turn-key and ready to continue and expand on its success. A new owner could walk right in and easily run it.


Business Details

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

Company Information

Year Established: 2010
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 9 FT/ 3 PT

Financial Information

Asking Price: $99,990
Gross Revenue: $433,844
Cash Flow: $39,730
FF&E: $50,000
Seller Financing Available: No

Property Information

Facilities:

The salon has been completely renovated and is located in a historic school building. It sits on a highly traveled main street in a busy, growing area. There are many other office buildings nearby and a Wawa. Plenty of parking for employees and clients. There are other business in the same building.

Growth & expansion opportunities:

Stylists are very active on social media promoting their business to grow clientele. They attend continuing ed classes to expand on the service menu. A new owner could continue to grow and promote the wedding services. This is the only salon in the area that specializes in weddings so potential to grow it is excellent. Currently closed on Mondays and could potentially open that day.

Competition:

There are a couple of smaller salons nearby, but they do not specialize in wedding services.

Reason for selling:

Owner wants to spend more time with family.

Support & Training:

Will train for 2 weeks @ no cost. Salon Cosmetology License; Computer skills.

Contact Business Seller

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Business Listed By:

Jessica Viscusi

Murphy Business Brokers