Upscale Hair Salon in Potomac MD
Great opportunity to walk into a very profitable upscale salon located in the desirable, prominent, high income area of Potomac MD in Montgomery County. The salon has a very strong web presence and is considered a staple in the community. It was voted best of Gaithersburg Hair Salons 4 years in a row by the USLBA. The salon looks and feels luxurious! It cost over $200k new and it's worth every penny at $110k considering its cash flow, 8 year track record (under current ownership as it's been a salon since the early 90s), and extremely loyal clientele base! The current owner is a stylist and would love to stay on board with a new owner. She also handles the finances and marketing of the business. The friendly and knowledgeable staff, atmosphere and competitive tiered pricing makes this salon a no brainer for a qualified beauty operator looking to dramatically increase their income or for an entrepreneur looking for a good investment. The salon is poised for continued growth and success, it just needs a new owner so don't let this opportunity pass you by!
For more information contact Dustin Zeher at 571-437-5135 or via email at email@example.com
About the Business
Number of Employees:
The 1695 sq ft space is leased for $3531.25/mo (just reduced from $4965/mo) in a newer shopping center with major anchor. The space is fully equipped with 12 hair stations, 4 shampoo stations, 3 dryers, a private room for pedicures, massage and/or facials, etc. and a large service & break room. The Salon is absolutely beautiful allowing clients to relax and enjoy themselves.
Bringing on additional stylists and adding services would dramatically increase revenue. Increasing business hours would also generate additional revenue as the salon is only open 4 days a week. With an 8 year track record there is very little competition in the nearby area for this upscale salon.
About the Sale
Reason For Selling:
Seller will provide necessary training and support
Depends on final purchase price, terms and qualifications of buyer