Beauty Salon

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Unique Opportunity in Busy Urban Setting
Asking Price:
$40,000

Gross Revenue:
$49,760
Cash Flow:
$15,622
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$3,500
included in asking price

FF&E:
$7,077
included in asking price

Real Estate:
 Not Disclosed

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Business Description

This is a turnkey Hair Salon with a well established 32 year presence in a prime downtown location in the City of Harrisburg. The Salon is currently operated by the Owner and 1 (one) part time employee. However, the Salon is fitted with 3 (three) styling chairs and 2 (two) shampoo chairs to easily accommodate additional Stylists. The Salon operates primarily by appointment but its location is ideal for walk-in business.

About the Business

Location:
Dauphin County, Pennsylvania
Year Established:
1987
Number of Employees:
1 FT/1 PT
Relocatable:
Yes
Facilities:
Located in a beautifully renovated historic building in a prime central location in the City of Harrisburg, there has been a Hair Salon in this location continuously for 90 years. The Salon is handicap accessible. The Salon sits in a storefront in a high foot traffic and vehicle traffic location. There are 3 (three) styling chairs, 3 (three) drying chairs and 2 (two) shampoo chairs. Washer and Dryer are on premises and included in sale. Public Transportation is accessible. Salon has an established website through which appointments can be set.
Market Outlook/
Competition:
Just a handful of Hair Salons in downtown Harrisburg. Could also compete with Spas.
Growth & Expansion:
There is immediate growth opportunity by bringing in additional stylists to work the additional Styling Chairs. Currently only one Stylist works at a time. There is also immediate opportunity to expand hours of operation. And with some social media and advertising savvy, there is great potential to reach the thousands of State workers and passersby foot traffic. Adding spa, nail and barber services could be a huge potential for growth.
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About the Sale

Reason For Selling:
After 32 years in business, Seller is ready to retire.
Training/Support:
Will train for 6 weeks @ $0 cost.
New Owner should be licensed with the State of Pennsylvania as required to operate as a Hair Stylist and Salon Owner. Current services are cuts, color and styling for men and women. The Salon also sells hair products.

Listing Info

ID:
1633791
Ad Detail Views:
0

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Business Listed by

Lyn O'Neal

Murphy Business & Financial Corporation

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Sponsoring Broker:

Jack Greenawalt
Murphy Business & Financial Corporation


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