Upscale Hair Salon in Potomac MD
(ID: 1098956)
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$95,000
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$432,654
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$60,709
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$20,000
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n/a
**
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$30,000
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Business Description
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 dustin@horizonbrokers.com
About the Business
Year Established:
2004
Number of Employees:
5
Facilities:
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.
Market Outlook/Competition:
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:
Health
Training/Support:
Seller will provide necessary training and support
Seller Financing:
Depends on final purchase price, terms and qualifications of buyer
