Hair Replacement

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Hair Replacement
Asking Price:
$240,000

Gross Revenue:
$338,869
Cash Flow:
$146,060
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$15,000
included in asking price

FF&E:
$50,000
included in asking price

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Business Description

This salon has been in business for 35 years and is still owned and operated by the founder. It still resides at its original location which is a heavily traveled road in a well populated suburban location. The salon provides hair styling, waxing, facials, eyelashes, etc. but 90%+ of their business is hair replacement. They also have a state of the art process related to hair replacement coming that is expected to significantly increase revenue. It is a perfect fit for someone looking to open a profitable salon with an excellent reputation in a niche market or a current salon owner that would like to add another location and/or diversify their services. This salon is established, stable and very well managed. If in the market for a salon, this is a must see.

About the Business

Year Established:
1981
Number of Employees:
2 FT
Relocatable:
Yes
Real Estate:
Leased
Building Sq. Ft.:
1,500
Facilities:
The salon is operated in an attractive stand alone facility on a road with an extremely high traffic count. Ample parking is available and a brand new electronic scrolling sign draws extraordinary attention to the business.
Market Outlook/
Competition:
Competition in the core business of hair replacement is extremely limited. They have customers that travel 60 to 100+ miles for their services due to their reputation of exceptional knowledge in the hair replacement business.
Growth & Expansion:
This salon definitely has significant growth potential, not only expanding hair replacement services, but also by advertising and promoting the additional services offered. Also, the salon could open six days per week versus five and stay open beyond 6pm.
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About the Sale

Reason For Selling:
Retirement.
Training/Support:
Will train for 6 weeks @ no cost.
A cosmetology license is required. The salons core business is focused on hair replacement services, however other services provided are hair styling, facials, waxing and eyelashes.
Seller Financing:
Lender pre-screened with $48,000 down.

Listing Info

ID:
1328020
Ad Detail Views:
1681

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Business Listed by

Jack Greenawalt

Murphy Business & Financial Corporation

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