Successful Salon with a full team and great history!

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Asking Price:
$100,000

Gross Revenue:
$741,588
Cash Flow:
$52,262
EBITDA:
$52,262
Inventory:
$8,000
not included in asking price

FF&E:
$10,000
included in asking price

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Business Description

Jump into this high-end, well-established salon in the heart of a thriving community. For over 20 years this salon has been a staple in the community with loyal repeat customers serviced by a fantastic team. With a great team in place the salon is ready for expansion. An owner-stylist to come in and build their clients in this incredible salon alongside some of the top stylists in the area.
The salon layout was designed to create a spacious, private salon experience. When patrons arrive, they enter into a comfortable waiting area and the move into one of the individual stations with their stylist. Multiple wash stations and dry stations are in place to efficiently provide clients will complete salon services. A separate color mixing room is well organized with great counter and working space. Spacious work stations and a great employee break space make the salon as appealing to stylists as customers.
**Note - Cash flow is salon earnings. A trained stylist can earn additional income!**

About the Business

Location:
Essex County, Massachusetts
Year Established:
2000
Number of Employees:
9
Real Estate:
Leased
Building Sq. Ft.:
900
Rent:
$3,500.00 Per Month
Facilities:
Beautifully maintained spacious layout designed to create a relaxing, private salon experience. 6 stations, full color room and reception area. Gross lease includes most utilities!
Market Outlook/
Competition:
Located in an upscale, busy town center with ample parking both on and off-street and surrounded by numerous upscale main street businesses organically attracts the right clientele for the salon.
Growth & Expansion:
Growth opportunities include the addition of a new stylist and continued training of associates and assistants to become stylists.
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About the Sale

Reason For Selling:
Retirement
Training/Support:
2 weeks

Listing Info

ID:
1647746
Ad Detail Views:
0

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Business Listed by

Transworld North Boston

Transworld Business Advisors of North Shore Boston

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