MergerPlace

Successful Children's Hair Salon

Virginia


  • Asking Price: $105,000
  • Gross Income: $272,768
  • Cash Flow: $40,435
  • Real Estate: Not Disclosed
  • Inventory: $4,200
  • FF&E: $35,657
  • Listing ID: #218946
  • Established: 2015
  • Employees: 4 FT / 1 PT

Business Description

Tap into the profitable, lucrative youth market by owning a unique, specialized, hair care service business that caters to families and children's personal grooming needs as well as their active entertainment and social activities.

The concept behind this salon is simple: Getting a haircut should be fun for the whole family! Kids can grab a cool vehicle chair, pick out a video and settle in for a trim as the kid-friendly staff works their beauty magic. And the goal is to make the salon experience enjoyable for everyone—for customers large and small. Kids love looking at the whimsical art, playing with the wooden train table and when the trim is complete, paying a visit to the packed-with-adventure treasure chest. And parents love relaxing in an environment where every child—smiling or crying—is welcomed with open arms. With an array of unique, kid-centric hair products and a retail section packed with adorable hair accessories, gifts and more, this business is targeted to kids, but offers services for the whole family’s hair and beauty needs.

Revenue streams come from a variety of sources: Kids Haircuts, Parents Haircuts, Hair Accessories, Gifts and an Activity Center which can be utilized for birthday parties, after school fun time, or family events. The business is 5 years old and has been successfully operating at this location for about 4 years and generates over 1,500 haircuts per month. A typical Saturday will result in over 100 haircuts! There is an established, loyal and satisfied clientele as evidenced by strong praise by clients and social media reviews. A well-designed web-site, including an effective MindBody appointment system, generates about 75% of pre-booked appointments


Business Details

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

Company Information

Year Established: 2015
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 4 FT / 1 PT

Financial Information

Asking Price: $105,000
Gross Revenue: $272,768
Cash Flow: $40,435
FF&E: $35,657
Inventory: $4,200
Seller Financing Available: No

Property Information

Facilities:

This business is situated in a great location on a popular main traffic corridor with close access to Interstate 64. The business site is within a high traffic, easily accessible and popular shopping district with plenty of convenient parking space. The shopping center is fully subscribed with well-known, national franchise tenants. The leased space features 1,200 square foot of operating space, including: a greeting/cashier station, waiting area with numerous children play spaces, 6 salon chairs/hair stations, toy and merchandise displays, a private activity center for birthdays and other celebrations and restrooms. An assumable lease is in place at $3,800/month and renewal options are available

Growth & expansion opportunities:

This business is ripe for growth. The owner is operating several successful, growing restaurants and can no longer devote the time and resources necessary to operate this business. The employee team is already in place -- professional, dedicated, and willing to stay under new ownership/leadership. The business location is superb – high traffic, excellent visibility and accessibility, with convenient parking. The market is large, populous, and growing. The offering is exclusive, specialty, and has little direct competition. The only missing link is a dedicated owner – this business is perfectly suited for an operator-owner

Competition:

The Hampton Roads community features a robust, growing and vital market place as it draws from several adjacent communities, namely: Hampton, Yorktown, Newport News, Suffolk, Norfolk, and Williamsburg. Since this business caters to specialized children’s hair care services, the density of competition is very low, which results in a large geographic customer draw pattern.

Reason for selling:

Owner is pursuing other business interests outside this location.

Support & Training:

Will train for 4 weeks @ no cost All applicable licenses are in place to support the business. Services include: Hair Shampoo, Cutting, & Styling (Children and Parents) Hair Care Products and Accessories Children’s Toys/Gifts Activity Center for Youth Functions

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Business Listed By:

Hal Feder

Murphy Business Brokers